Coinbase Ireland Fined $3.6 Million for Customer Fund Safeguarding Failures

• Coinbase Ireland fined $3.6 million by the Central Bank of Ireland.
• The fine is due to failures in safeguarding customer funds and oversight.
• Customer funds were underfunded and mixed with group accounts.
• The penalty was announced on Thursday.
• The Central Bank of Ireland cited operational and governance failings over a five-year period.