US politician’s letter demands crypto firms turn over anti-fraud files
Congressman Raja Krishnamoorthi wants Coinbase, KuCoin, FTX, Kraken, and Binance.US, to prove they’re doing all they can to protect traders.
Congressman Raja Krishnamoorthi wants Coinbase, KuCoin, FTX, Kraken, and Binance.US, to prove they’re doing all they can to protect traders.
A Coinbase user who lost thousands in crypto says the company acted too slowly to protect funds and froze his account without good reason.
Experts say that Coinbase could be in trouble if users can prove they would have sold up earlier if only they’d received the email updates.
The firm says it makes sense to judge this quarter’s $1.1 billion net loss against the peaks and troughs of the past two years.
A new Coinbase lawsuit alleges its extra-security subscription model leaves users exposed to hacks unless they cough up $360 a year.