Coinbase is facing a new class-action lawsuit, filed in the Northern District of California, by six individual customers. The lawsuit accuses the cryptocurrency exchange and its CEO, Brian Armstrong, of selling unregistered securities, specifically tokens including ALGO, MANA, MATIC, NEAR, UNI, SOL, XLM, and XTZ. The complainants allege that Coinbase, which admitted in its user agreement to being a securities broker, misled them with statements that led to financial losses, and knowingly, intentionally, and repeatedly violated state securities laws. This case echoes a pending lawsuit that also asserts these tokens are securities.
COINBASE CUSTOMERS ALLEGE ILLEGAL SECURITIES SALES, FILE CLASS ACTION LAWSUIT - Six @Coinbase customers file a class action lawsuit against the cryptocurrency exchange, accusing it of illegally selling unregistered securities. - The complaint, filed in the Northern District of… https://t.co/1YfJ830yJe https://t.co/MWi2Zvy2Sw
JUST IN: @COINBASE BEING SUED IN A CLASS-ACTION LAWSUIT BY 6 INDIVIDUAL CUSTOMERS CLAIMING THE CEX IS ILLEGALLY SELLING "UNREGISTERED SECURITIES"
Coinbase Faces New Lawsuit Alleging Sale of Unregistered Securities The new lawsuit, filed in the Northern District of California, allege that Coinbase “knowingly, intentionally, and repeatedly violated state securities laws” by operating as an unregistered broker-dealer. https://t.co/dfb4pxCcnD
Lawsuit Alleges #Coinbase Illegally Sold Securities Without Registration https://t.co/nlvPiXletl
Coinbase, the cryptocurrency exchange, along with its CEO, Brian Armstrong, is facing a new class-action lawsuit. https://t.co/Cro8cWgJpZ
Coinbase Faces SEC Scrutiny and New Class-Action Lawsuit Over Token Securities Read More: https://t.co/cPv6fEBh23
Coinbase and its CEO Brian Armstrong face a new class-action lawsuit alleging that Coinbase admitted in its user agreement that it was a securities broker, but offered SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and XLM as illegal securities. https://t.co/ML4zJT1MWl
Coinbase accused of violating securities laws in new class-action lawsuit. https://t.co/oo3zAR4U30
.@coinbase has been hit with a new lawsuit alleging that $ALGO, $MANA, $MATIC, $NEAR, $UNI, $SOL, $XLM and $XTZ tokens are securities. https://t.co/GnBxf270PJ https://t.co/m1JLJOheti
Coinbase faces copycat class action suit asserting tokens are securities in echo of pending case https://t.co/vQ1FYPBItJ
BREAKING: New lawsuit against Coinbase claims that $ALGO, $XLM, $SOL, $MANA, $MATIC, $NEAR, $UNI, & $XTZ are SECURITIES. Crazy 🤔 https://t.co/G4z6Bze1M4
New lawsuit filed against @coinbase yesterday: - Brought by individual complainants - Claims ALGO, MANA, MATIC, NEAR, UNI, SOL, XLM & XTZ are securities, which complainants invested in due to alleged misleading statements by Coinbase - Claims they lost money investing in the… https://t.co/sevEOqCgbG
Coinbase: Court Denied Request to Dismiss Rest of SEC Case Coinbase: Court Dismissed SEC’s Claims Over Coinbase Wallet