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06.08 - 11:35
Coinbase hit with 2 fresh lawsuits amid SEC probe
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Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms.On Thursday, New York-based legal firm Bragar Eagel & Squire revealed that it would be suing Coinbase for making deceptive claims about its business practices.
Pomerantz LLP has also filed a claim against the exchange, alleging that it is entitled to compensation for any losses incurred as a result of the defendant's violations of federal securities laws.
Read more on cointelegraph.comAbout this in other media
Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges cryptonews.com /6 days ago
BlackRock grows crypto offering with Coinbase partnership fnlondon.com /6 days ago
Coinbase exec at heart of insider trading scandal pleads not guilty in federal court cointelegraph.com /6 days ago
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