An investor is suing Coinbase, accusing the US-based crypto exchange of violating securities laws and causing its stock to drop as a result.
Brady Nessler filed a class action lawsuit in the Eastern District of Pennsylvania on behalf of any individuals and entities who acquired publicly traded Coinbase securities between April 14th, 2021 and May 14th, 2025.
Nessler’s legal team alleges the exchange made materially false and misleading statements regarding its subsidiary CB Payments Limited (CBPL).
Last year, the United Kingdom’s Financial Conduct Authority (FCA) imposed a £3.5 million fine ($4.5 million) on CBPL for allegedly onboarding and providing e-money services to 13,416 high-risk customers. News of the fine caused the price of Coinbase’s common stock to fall by $13.52 per share, or 5.52%, according to the lawsuit.
Nessler’s suit also points to the exchange’s recent data breach. Coinbase says criminals…
