Coinbase is facing two class-action lawsuits: one accusing it of insider trading, and another of fraudulently keeping funds belonging to non-customers. One suit, filed Thursday in federal court in San Francisco, claims Coinbase employees unfairly profited from the December listing of bitcoin cash. The lawsuit filed in the U.S. District Court for the Northern District of California alleges that Coinbase, which has been operating since 2013, “knowingly allowed its employees to engage in, or facilitate, a scheme to The second suit comes from two men who were unable to redeem bitcoin sent to them until they signed up to Coinbase; the suit claims that thousands have had cryptocurrencies sent this way, and remain unable to claim them.
Coinbase is facing two class-action lawsuits: one accusing it of insider trading, and another of fraudulently keeping funds belonging to non-customers. The lawsuit filed in the U.S. District Court for the Northern District of California alleges that Coinbase, which has been operating since 2013, “knowingly allowed its employees to engage in, or facilitate, a scheme to The second suit comes from two men who were unable to redeem bitcoin sent to them until they signed up to Coinbase; the suit claims that thousands have had cryptocurrencies sent this way, and remain unable to claim them.