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U.S. CFTC orders Coinbase to pay $6.5 million for false reporting, other actions | Reuters

The U.S. Commodity Futures Trading Commission on Friday ordered digital asset exchange operator Coinbase Inc to pay $6.5 million to settle charges of reckless false, misleading, or inaccurate reporting as well as wash trading by a former employee on Coinbase’s GDAX platform, the regulator said in a statement.

“Between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets, including Bitcoin” on GDAX, the CFTC said. (Reporting by Mohammad Zargham; Editing by Leslie Adler)

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