Technical Errors Expose Millions in Coinbase Europe Transactions

[nihalsari]

The Irish Central Bank’s fine stems from three coding errors in Coinbase Europe’s monitoring system, affecting five of 21 screening scenarios. Transactions exceeding $202 billion went partially unchecked during 2021–2022, representing 31% of all Coinbase Europe activity.

Coinbase says it detected the issue internally, fixed it within weeks, and reviewed all affected transactions.

#CryptoNews #CoinbaseEurope #TransactionMonitoring #RegTech

[EmTeam]

Even giants aren’t safe from bugs — security needs constant focus. 🧠

[Rimon Khan]

Millions exposed due to “technical error” sounds way too familiar.

[Swipe]

Even the best systems need constant audits — trust is built through transparency.

[The_Walking_Dead]

Bugs happen, but fast detection and disclosure keep credibility intact.

[Capybara_Capybara]

Monitoring errors remind us that compliance tech must evolve as fast as trading volumes.

[Revenant]

Error fixed — reputation still pending.