Coinbase, the largest cryptocurrency exchange in the United States, and its CEO Brian Armstrong are facing a new class-action lawsuit from customers who allege that the company's business model is illegal.
The lawsuit was filed by law firm Scott + Scott in the Northern District of California on behalf of plaintiffs Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi, and Brett Maggard (from California and Florida, respectively), who allege that since Coinbase's inception, the company's digital asset sales have knowingly violated state securities laws.
In the lawsuit, the plaintiffs allege that Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are all securities.
Coinbase is facing new lawsuits for allegedly defrauding investors
2024-05-05 09:32:53
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
