CFTC Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading Wash trades / fictitious trading

CFTC release 8369-21 · 2021-03-19 · view on cftc.gov ↗

Key facts

Release number: 8369-21
Release date: 2021-03-19
Type: Wash trades / fictitious trading
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8369-21

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.