August 15, 2022
What exactly are cryptocurrencies? The complaint for this class action argues that they are securities, because their purchasers are hoping for their value to increase. It brings suit against Coinbase Global, Inc. and Coinbase, Inc., with the inciting incident being the breaching of a Coinbase account and the theft of funds, but it also brings in the nature of cryptocurrencies themselves, Coinbase’s actual role, and Coinbase’s sometimes lengthy freezing of accounts and dispute resolution process.
Case Event File: Coinbase’s Role and the Nature of Cryptocurrency ComplaintRelated to: Coinbase’s Role and the Nature of Cryptocurrency Class Action