A shareholder lawsuit accusing Coinbase directors of insider trading proceeds after internal probe clears them. Directors allegedly avoided $1 billion in losses by selling $2.9 billion worth of stock during the company’s 2021 public debut, with CEO Armstrong selling $291.8 million. Delaware judge allows suit to continue due to concerns about committee member independence. Andreessen accused of selling $118 million in shares to avoid losses. Coinbase denies allegations, vows to fight “meritless claims.” Lawsuit paused for 10-month review, committee recommended ending case. Shareholder challenges committee’s independence due to business ties with Andreessen’s firm. New allegations surface of insider trading based on advance knowledge of token listings on Coinbase. Coinbase plans to adjust token listing process to reduce information leaks and uneven market access.

Read more at Cointelegraph: Coinbase Insider Trading Lawsuit Against Armstrong, Andreessen Move Forward