WASHINGTON (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