🚨🇺🇸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