Coinbase Agrees to $100 Million Settlement With New York Regulators

A flipped version of the Coinbase logo reflected in a mobile phone screen in London on Nov. 9, 2021, in a photo illustration. Leon Neal/Illustration/Getty Images

Coinbase has agreed to pay a $100 million settlement with New York state’s financial regulators.

The crypto industry was hit with a wave of bad news in 2022, with the collapse of crypto exchange giant FTX, hedge fund Three Arrows Capital, along with the failure of several key lenders.