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Ek San
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šŸšØšŸ‡ŗšŸ‡øSEC #Probes CĆøinbase 2021 IPO User Data Claims šŸ”¹SEC is #investigating whether CĆøinbase inflated ā€œverified userā€ figures during its 2021 IPO šŸ”¹Metric once cited 100M+ users; dropped in 2023 due to lack of performance insight šŸ”¹Investigation began under Biden, continues under Trump administration šŸ”¹Follows SEC dismissal of earlier unlicensed broker case against Coinbase šŸ”¹CEO Brian Armstrong also disclosed a data breach compromising customer KYC info Source: The Block – May 15, 2025$ETH $BTC {spot}(BTCUSDT)
šŸšØšŸ‡ŗšŸ‡øSEC #Probes CĆøinbase 2021 IPO User Data Claims

šŸ”¹SEC is #investigating whether CĆøinbase inflated ā€œverified userā€ figures during its 2021 IPO

šŸ”¹Metric once cited 100M+ users; dropped in 2023 due to lack of performance insight

šŸ”¹Investigation began under Biden, continues under Trump administration

šŸ”¹Follows SEC dismissal of earlier unlicensed broker case against Coinbase

šŸ”¹CEO Brian Armstrong also disclosed a data breach compromising customer KYC info

Source: The Block – May 15, 2025$ETH $BTC
Ek San
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šŸšØšŸ‡ŗšŸ‡øSEC #Investigates CĆøinbase Over Potentially Misleading User Metrics

šŸ”¹SEC probing whether CĆøinbase misrepresented ā€œverified usersā€ in filings

šŸ”¹Metric (claimed 100M+ users) was later dropped, citing possible overstatement

šŸ”¹Investigation began under Biden, continues under Trump administration

šŸ”¹ CƘINBASE, now in S&P 500, faces added scrutiny despite SEC dropping earlier crypto-related lawsuit

šŸ”¹Company also suffered a recent data breach, potentially costing $400M

-NYT – May 15, 2025
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