Coinbase Asks for $470,000 To Cover Fees, Costs From Insider Trading Case – Blockworks

In a letter dated April 3, a lawyer representing Coinbase asked for restitution to cover the costs it said occurred during the investigations by the Department of Justice and the SEC.

The total amount would fall under the Mandatory Victim Restitution Act which states that victims are entitled to both expenses and lost income from investigation participation of some offenses — including wire fraud.

Over $400,000 would cover ”five grand jury subpoenas served on Coinbase with 65 total requests (including subparts) for documents and information” from the DOJ’s investigation. Additionally, the exchange requested $60,000 in lost wages for employees who had to work alongside the Special Investigation and Security Departments of the DOJ.

Source: Coinbase Asks for $470,000 To Cover Fees, Costs From Insider Trading Case – Blockworks