Coinbase Global, Inc. (NASDAQ: COIN)

This lawsuit is for anyone who acquired securities in Coinbase Global, Inc. (NASDAQ: COIN) from April 14, 2021 through July 25, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company was in compliance with an agreement the Company made with the U.K. Government when the Company was not in compliance. The agreement was that the the Company would take certain steps to prevent criminals from using the Company’s platform.

On July 25, 2024, the United Kingdom’s financial regulator, the Financial Conduct Authority (“FCA”) announced that Coinbase’s UK-based subsidiary CB Payments Ltd. (“CBPL”) had been fined £3,503,546 for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Coinbase Global, Inc. (NASDAQ: COIN) from April 14, 2021 through July 25, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.