Litigation & Arbitration
Mar. 29, 2023
State judge declines to compel arbitration in Coinbase user suits
The plaintiffs have sued the company in state and federal court on different grounds seeking to hold Coinbase accountable for a group of hackers that allegedly gained access to their accounts and stole up to $250,000 worth of cryptocurrencies.
A San Francisco County judge on Tuesday found no “gamesmanship” on the part of a group of plaintiffs suing Coinbase Inc. for allegedly misrepresenting its “bank level security” and failing to protect user funds from hackers, denying the company’s motion to compel arbitration.
The plaintiffs have sued the company in state and federal court on different grounds seeking to hold Coinbase accountable for a group of hackers that allegedly gained...
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