Litigation & Arbitration
Oct. 20, 2023
Coinbase is locked in litigation with users, mostly unseen
“The number of lawsuits you see is a fraction of the number of cases there are against Coinbase. There’s an unknown number in arbitration. They’ve largely been settling these cases,” said Timothy G. Blood, managing partner with Blood Hurst & O’Reardon LLP.
In the midst of the criminal fraud trial for FTX Trading Ltd. founder Sam Bankman-Fried’s in New York, another cryptocurrency exchange is locked in scores of less publicized battles all around the nation — especially in California.
Hundreds of customers have sued Coinbase Global Inc. in recent years. Many of these customers claim hackers broke into their accounts and emptied them out. Plaintiffs blame what they characterize as the company’s...
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