🚨 Coinbase in Hot Water! Investors Sue Over Hidden Breaches & Stock Crash 💥📉
Coinbase, one of the world’s biggest crypto exchanges, is now facing a storm of lawsuits 🌪️ from angry investors who claim they lost big money after the company failed to reveal a major data breach and a regulatory violation in the UK 😱. The lawsuits accuse Coinbase of hiding critical info from shareholders, including a December 2024 hack where insiders were allegedly bribed to hand over users’ private data! When Coinbase finally came clean on May 15, its stock plunged 7.2%, sparking panic among investors 📉💸.
That’s not all! Coinbase’s UK branch was fined $4.5 million for breaking an agreement with the Financial Conduct Authority (FCA), by onboarding 13,000+ high-risk users 😬. Investors say this violation wasn’t revealed when the company went public in 2021, and that the stock was "artificially inflated" due to these coverups 🧾⚖️. One of the lawsuits even claims Coinbase’s market value has been taking repeated hits—from $231 to $244, all linked to these controversies. Despite a brief bounce back, the damage has been done 💔📊.
The lawsuits, filed by investors like Brady Nessler, demand damages and a jury trial, holding CEO Brian Armstrong and CFO Alesia Haas personally accountable 🔍. Coinbase could now be on the hook for up to $400 million in costs! 😨💰 To make matters worse, this isn't the only case—at least six other lawsuits have emerged, including one alleging unauthorized biometric data collection. As trust wobbles, many are now wondering: Is Coinbase still a safe bet—or is this the beginning of a bigger crash? 🚨💥 Let us know what you think! 👇🗣️
#CoinbaseExchange. #BTCPrediction #lawsuit #scam $BTC
