Levi & Korsinsky notifies investors that it has commenced an investigation into Coinbase Global, Inc. (NASDAQ: COIN) concerning potential violations of the federal securities laws.
Coinbase Chief Executive Officer Brian Armstrong announced in a social media post on May 15, 2025, that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the information. Armstrong said that criminals had obtained the data by bribing Coinbase customer service agents.
Following this news, Coinbase’s stock price fell sharply during intraday trading on the same day.
If you suffered a loss on your Coinbase Global, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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