Coinbase shareholder lawsuit alleging concealment of bankruptcy risks and misconduct in transactions.
Wenduo Guo, a shareholder of Coinbase, filed a lawsuit in Federal Court accusing the exchange of misleading investors about bankruptcy risks and engaging in risky transactions. The lawsuit claims that Coinbase has avoided disclosing that customer assets could be part of bankruptcy assets. Additionally, the exchange is accused of conducting exclusive transactions without informing investors and senior management’s misuse of internal information to sell shares. The lawsuit seeks compensation and management reforms to prevent future misconduct.
