Coinbase Global, Inc. Class Action Lawsuit - COIN

The filed complaint alleges that Coinbase Global, Inc. made materially false and/or misleading statements and/or failed to disclose that: The Financial Conduct Authority ("FCA"), a U.K. financial regulator, issued a press release on July 25, 2024, announcing that it had fined Coinbase's U.K. unit CB Payments Limited ("CBPL") approximately $4.5 million "for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers." The FCA noted that "[t]he breaches were the result of CBPL's lack of due skill, care and diligence in the design, testing, implementation and monitoring of the controls put in place" to prevent such violations. Following this news, Coinbase's stock price dropped over 5% the same day.

In order to be eligible to join the COIN class action lawsuit, you must have incurred a loss on shares of Coinbase purchased during the class period listed above.