Coinbase faces a class action lawsuit over delayed disclosure of a Data Breach and UK regulatory violations

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1kw20vt/coinbase_faces_a_class_action_lawsuit_over/

Coinbase Global Inc. is facing a class action lawsuit for allegedly misleading investors by delaying the disclosure of a significant data breach and regulatory violations tied to its UK operations. The lawsuit, filed on May 22, seeks damages under US securities laws and names CEO Brian Armstrong and CFO Alesia Haas among the defendants.

Key Allegations:

  • Delayed disclosure of a major data breach involving insider misconduct
  • Failure to disclose regulatory violations by Coinbase's UK-based subsidiary, CB Payments Ltd.
  • Artificial inflation of Coinbase's stock value due to delayed disclosure
  • Harm to investors resulting in stock price losses

The plaintiff is seeking a jury trial and Coinbase has not publicly responded to the lawsuit.

submitted by /u/CriticalCobraz
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标题:Coinbase面临集体诉讼:数据泄露与英国监管违规的滞后披露

Coinbase Global Inc.近期面临着一起集体诉讼,指控其在重要数据泄露事件和与英国运营相关的监管违规信息上滞后披露,从而误导了投资者。该诉讼于5月22日提交,要求根据美国证券法索赔,并将首席执行官布莱恩·阿姆斯特朗和首席财务官阿莱西亚·哈斯列为被告。

本案的主要指控包括:

首先,在有关内部不当行为的数据泄露事件上,Coinbase的披露存在延迟,这可能导致投资者无法及时评估其对公司价值的潜在风险。

其次,针对Coinbase位于英国的子公司CB Payments Ltd.的监管违规行为,Coinbase未能及时披露相关信息。这种隐瞒可能导致投资者在信息不对称的情况下作出决策。

第三,因信息披露不及时而导致的Coinbase股票价值的虚假膨胀,使得投资者在市场对事件了解后遭受损失,导致股价下跌。

综上所述,原告在诉讼中寻求陪审团审判,而Coinbase至今未对该诉讼作出公开回应。这一事件的演变引发了投资者的广泛关注,也让市场对加密货币交易平台的透明度和合规性产生了质疑。在这个数字资产不断发展的市场中,如何平衡商业利益与透明度正成为各方亟需面对的重要议题。