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

Bryan Jung

1/7/2023|Updated: 1/7/2023

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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.

Bryan Jung

Author

Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.

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