Coinbase Hit With Another Class Action Lawsuit Following SEC Allegations

Coinbase Hit With Another Class Action Lawsuit Following SEC Allegations

From blockworks.co

Beleaguered US cryptocurrency exchange Coinbase is staring down yet another class action lawsuit. Law firm Bragar Eagel & Squire filed the suit on Thursday in the US District Court of New Jersey, alleging Coinbase made false or misleading claims about its business activities and compliance policies for more than a year, according to a statement. Specifically, the multi-faceted claim asserts Coinbase held customer’s digital assets knowing they could end up as the property of a bankruptcy estate, potentially forcing customers to be treated as the exchange’s “general unsecured creditors.” Coinbase is alleged to ... (full story)

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