CFTC Subpoena: Is Coinbase Handing Over User Data To Hunt Down Bybit?

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Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has notified a select group of its users via email about a subpoena it has received from the Commodity Futures Trading Commission (CFTC), requesting detailed information on user accounts and their transaction histories. This development, shared on X on Monday, led to widespread conjecture that the CFTC’s actions might be connected to Coinbase users who have had dealings with Bybit, raising the possibility that the commission is gearing up for potential legal proceedings against the Dubai-based cryptocurrency exchange. Benzinga has contacted Co…

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