Probes
0 views
1 Discussing
Hot
Latest
🚨🇺🇸SEC #Probes Cøinbase 2021 IPO User Data Claims
🔹SEC is #investigating whether Cøinbase inflated “verified user” figures during its 2021 IPO
🔹Metric once cited 100M+ users; dropped in 2023 due to lack of performance insight
🔹Investigation began under Biden, continues under Trump administration
🔹Follows SEC dismissal of earlier unlicensed broker case against Coinbase
🔹CEO Brian Armstrong also disclosed a data breach compromising customer KYC info
Source: The Block – May 15, 2025$ETH $BTC
🔹SEC is #investigating whether Cøinbase inflated “verified user” figures during its 2021 IPO
🔹Metric once cited 100M+ users; dropped in 2023 due to lack of performance insight
🔹Investigation began under Biden, continues under Trump administration
🔹Follows SEC dismissal of earlier unlicensed broker case against Coinbase
🔹CEO Brian Armstrong also disclosed a data breach compromising customer KYC info
Source: The Block – May 15, 2025$ETH $BTC
🚨🇺🇸SEC #Investigates Cøinbase Over Potentially Misleading User Metrics
🔹SEC probing whether Cøinbase misrepresented “verified users” in filings
🔹Metric (claimed 100M+ users) was later dropped, citing possible overstatement
🔹Investigation began under Biden, continues under Trump administration
🔹 CØINBASE, now in S&P 500, faces added scrutiny despite SEC dropping earlier crypto-related lawsuit
🔹Company also suffered a recent data breach, potentially costing $400M
-NYT – May 15, 2025
🔹SEC probing whether Cøinbase misrepresented “verified users” in filings
🔹Metric (claimed 100M+ users) was later dropped, citing possible overstatement
🔹Investigation began under Biden, continues under Trump administration
🔹 CØINBASE, now in S&P 500, faces added scrutiny despite SEC dropping earlier crypto-related lawsuit
🔹Company also suffered a recent data breach, potentially costing $400M
-NYT – May 15, 2025
Login to explore more contents