Coinbase Faces A Class Action Lawsuit
A group of customers from various states have filed a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States, accusing the company of conducting illegal business practices since its inception.
This lawsuit, which echoes a previous case against Coinbase, was filed by Scott+Scott, a law firm based in the west coast, representing plaintiffs from California and Florida, in the Northern District of California.
According to the lawsuit, Coinbase’s sales of digital assets were in violation of state securities laws, with the company knowingly and intentionally breaking laws since its establishment.
In response, Coinbase has dismissed these accusations as baseless and stated their trust in the legal system to address the matter appropriately.
This lawsuit bears similarities to another case currently in progress, which also alleges that Coinbase’s selling of securities on its platform has caused harm to consumers.
