From Cointelegraph

May 25, 2025 10:37 pm:

Coinbase faces class-action lawsuit over stock price drop due to data breach and UK regulator agreement violation. Investor claims $400 million in damages. Stock dropped 7.2% on May 15, but rebounded 9% on May 16. Stock closed down 3% on May 23 at $263. COIN up nearly 6% this year.

FCA fined Coinbase’s UK arm $4.5 million for breaching 2020 agreement, leading to 5% stock drop in July 2024. Coinbase onboarded 13,416 high-risk customers. Lawsuit alleges failure to disclose breach of agreement during Nasdaq listing. Lawsuit seeks damages for stock purchasers between April 2021 – May 2025.

Another lawsuit alleges Coinbase failed to inform users of biometric data collection and sharing. Lawsuits accuse mishandling of data breach incident. Coinbase CEO and CFO named as defendants. Lawsuits seek damages and jury trial. Magazine covers Bitcoin price trends and rumors in the crypto industry.

Read more at Cointelegraph: Coinbase faces another data breach lawsuit claiming stock drop damages