Class Action lawsuit claims Coinbase failed to protect customers from fraud
Reading now: 697
finextra.comThese latest breaches occurred less than a year after Coinbase settled similar claims by the California Attorney General and paid $300 million. The suit allege that the company was indifferent to consumers’ losses.
When victims sought help from Coinbase, it "routed them through its automated complaint processing — a recursive loop of impenetrable screens that prevented them from explaining their situation to any human being and was incapable of redressing the theft of their savings." The suit is seek restitution, civil and punitive damages, and injunctive relief, among other remedies. Trial attorney Matt Borden, says: "Coinbase plays a valuable and important role as a financial institution with billions of dollars in custodial funds.
Read more on finextra.comAbout this in other media
Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action cointelegraph.com /1 year ago
Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much cointelegraph.com /1 year ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
