Coinbase subpoenaed by regulator related to Bybit, The Block reports

Coinbase has let some customers know that it received a subpoena from a U.S. regulator involving Bybit, The Block’s Sarah Wynn and Ryan Weeks report. A person familiar with the matter confirmed the authenticity of the emails, which said “No action is required from you, but Coinbase may respond to the Subpoena unless served before November 30, 2023 with a motion to quash or other objection to the subpoena that has been filed with the Court – including by sending information concerning your Coinbase account to the Commodity Futures Trading Commission.”