# Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures

https://mins.news/en/item/111402

- CoinDesk, 2026-10-22 15:40 UTC
- Economy
- Original: https://www.coindesk.com/policy/2026/10/22/irish-central-bank-fines-coinbase-ireland-usd3-6-million-over-fund-safeguarding-failures

> Ireland’s central bank fined Coinbase Ireland $3.6 million for failures to safeguard funds. When Silvergate was close to collapse in 2023, Coinbase told 30 customers to deposit funds into an alternative account it held at another U.S. bank.

## Related coverage

- [Coinbase Ireland’s cash safeguards were €5 million short before 2024 fix](https://mins.news/en/item/112642) — CryptoSlate, 2026-10-23
- [Coinbase Ireland fined $3.6 million over customer-fund segregation and oversight failures](https://mins.news/en/item/111225) — The Block, 2026-10-22