🪙Coinbase Finally Settles Dogecoin Sweepstakes Lawsuit🪙

Crypto exchange Coinbase and marketing firm Marden-Kane have agreed to pay a $2,250,000 settlement to resolve all claims in a years-long class action lawsuit brought by a disgruntled customer who partook in an allegedly “false and misleading” Dogecoin sweepstakes, court documents filed last week show.

The settlement, if approved by the U.S. District Court in the Northern District of California, would compensate all of the exchange’s users in the U.S. who opted into the Dogecoin sweepstakes and traded $100 worth of the meme coin during a one-week period in June 2021.

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