Coinbase and two executives are facing a new proposed class-action lawsuit regarding the drop in the crypto exchange's stock price following the disclosure of a user data breach and an alleged violation of an agreement with a UK regulator. Investor Brady Nessler filed the lawsuit, claiming that the breach and broken agreement led to a significant decline in the company's shares, causing losses for stockholders. The lawsuit also mentions a $400 million damages bill after an extortion attempt and the stock's subsequent decline. Several lawsuits have been filed against Coinbase for mishandling the incident and failing to protect user data. The lawsuit seeks damages for those who purchased Coinbase stock between April 2021 and May 2025, with CEO Brian Armstrong and CFO Alesia Haas named as defendants. Read more AI-generated news on: https://app.chaingpt.org/news