Attorneys from Braunhagey & Borden have filed a new class action complaint claiming Coinbase Inc. failed to protect its users’ cryptocurrency wallets from hackers.

The lawsuit filed in San Francisco federal court Tuesday alleges that security issues persist despite Coinbase paying “large fines” to regulators for prior vulnerabilities. Coinbase account holders continue to be “fleeced by hackers” with access to the platform, and are forced to navigate “a faceless and impenetrable automated ‘customer service’ process that leads nowhere,” the complaint said.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]