The lawsuits additionally allege that defendants made false and/or misleading statements and/or failed to disclose that: (1) Coinbase custodially held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly disregarded could qualify as the property of a bankruptcy estate, making those assets potentially subject to bankruptcy proceedings in which Coinbase's customers would be treated as the Company's general unsecured creditors (2) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the SEC (3) the foregoing conduct subjected the Company to a heightened risk of regulatory and governmental scrutiny and enforcement action.

Indeed, on April 14, 2021, multiple Coinbase insiders sold in excess of seven million shares of Coinbase Class A common stock, including more than 1.3 million shares at the market opening that day, collectively receiving more than $2.7 billion in proceeds from such sales. The lawsuits against Coinbase allege that the Registration Statement and other documents filed with the SEC in connection with the company's public offering in April 2021 made false or misleading statements and/or failed to disclose that Coinbase insiders had abruptly increased holdings of Coinbase Class A common shares and intended to sell Coinbase shares as early as April 14, 2021, the first day of public trading in Coinbase stock. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. at (484) 270-1453 or via email at Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:

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