🚨 Coinbase alerts users about CFTC subpoena regarding rival Bybit! 🕵️‍♂️ The US-based crypto exchange informed select customers of a court summons received from the Commodity Futures Trading Commission (CFTC) in relation to Bybit, a Dubai-based digital asset trading platform. Coinbase may submit account information and transaction histories as per US laws. No action is required from users. 📬

🔍 Bybit is also facing a $953m lawsuit from FTX and plans to exit the UK market due to new advertising rules. Coinbase itself faced enforcement action from the SEC earlier this year. 📉

🗣️ What do you think of this development? Share your thoughts below! 👇