Coinbase Ireland fined $3.6 million over customer fund segregation failures

Coinbase Ireland was fined $3.6 million for safeguarding breaches that left customer funds underfunded and commingled with group accounts. The penalty targets the exchange's Irish entity over failures in segregation and oversight of client assets. Traders should watch for regulatory follow-through in Europe, as custody and fund-segregation lapses can erode trust in exchange-held assets.