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2025-05-16 18:20:54

Two lawsuits were filed against Coinbase - against the backdrop of data leaks and falling shares

Crypto exchange Coinbase has faced two class action lawsuits due to a leak of user data, which became known on May 15.

Claims filed:

  •  To the Northern District Court of California (GB Law Group)
  •  To the Court of the Southern District of New York (Pantaki and Kraus)

Charges:

  •  Security negligence
  •  Concealment of the leak from May 11 to May 15
  •  Lack of risk protection systems

 Coinbase has not yet commented, but has previously commented:

  •  Confirmed the refusal to pay the ransom
  •  I appealed to the authorities
  •  She promised compensation for losses and $20 million for the investigation

 COIN shares fell by -7.2%, now trading at $242.85 (↓ from $263.41)

 The leak came just days after Coinbase was included in the S&P 500 index

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