Coinbase's $25 Million Fine for Coding Error

Coinbase just paid a nearly $25 million fine because of a few bad lines of code.

Their system in Ireland had a technical glitch that failed to properly screen transactions for

two years. A simple coding error meant it couldn't read crypto addresses that had special

characters. This tiny mistake had huge consequences. It affected over $200 billion in

transactions, which was almost a third of their European activity. After discovering

the flaw, they had to review 185,000 transactions and file thousands of suspicious activity

reports. Coinbase says the bug was fixed within weeks, but it’s a wild

reminder that in the world of crypto, a small coding error can lead to massive, multi-million dollar