🚨🇺🇸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