Nonetheless, continues to struggle with security and compliance issues despite the identification. User security has also been an issue of concern, as analysts reported millions of dollars due to fraud and scamming through user security every year. According to the critics, there must be more stringent security measures to guard against cyber attackers.
Coinbase has also been considered regarding regulatory review and security issues. The U.S. Securities and Exchange Commission (SEC) filed a civil enforcement action that was later dismissed for findings of misconduct against the company. Though the verdict went in favour of Coinbase, this case showed the complicated legal framework within which crypto exchanges have to operate.
