A U.S. federal judge has allowed Coinbase shareholders to pursue a narrower class-action lawsuit, accusing the crypto exchange of misleading investors about regulatory and financial risks. The case can proceed as ruled by U.S. District Judge Brian Martinotti, marking a key step for investors. The suit involves allegations of misleading statements and omissions by Coinbase executives such as CEO Brian Armstrong and CFO Alesia Haas. The lawsuit covers a period of significant volatility in crypto markets and regulatory scrutiny. Coinbase denied allegations made by the SEC and the case was dropped in February 2025. Coinbase remains committed to defending itself against the remaining claims. Shareholders point to sharp declines in Coinbase’s stock during the lawsuit period. At press time, Coinbase is trading at $385.78, up 1.49% over the last day.

Read more at Yahoo Finance: Investors sue Coinbase over bankruptcy and risk disclosures