Banker Turned on Clients, Routing $932K to Coinbase for $1K+

Crypto Insight Summary: A former Georgia banker faces federal charges after allegedly helping steal about $931,500 from customers and route the funds to Coinbase accounts. Prosecutors say she received more than $1,000 for her role. How Customer Data Allegedly Enabled the $931,500 Theft The alleged theft began with customer information held by Ameris Bank, an Atlanta-based bank. Mercedes […] Crypto Insight Analysis: Direction: Bearish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Negative press may deter institutional adoption of Coinbase.