According to the lawsuit, “Coinbase has knowingly, intentionally, and repeatedly violated state securities laws since it began doing business.” Further, when Coinbase became a public company, “it disclosed that its business involved selling securities but that it was not registered to do so. In drafting its User Agreement with the investors and other customers, Coinbase specifically identifies the crypto assets it sells as ‘securities.’ And yet, Coinbase has never registered itself, its people, or the crypto securities it sells.”
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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