Get Mystery Box with random crypto!

Coinbase is facing class action suits over unstable stablecoin | Crypto Publisher

Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD

A
class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase.

The plaintiffs and classes in the case are being represented by law firms Milberg Coleman Bryson Phillips Grossman and Erickson Kramer Osborne. The latter firm is also representing the plaintiffs in a case filed against Coinbase and GMO-Z.com Trust on May 13 related to the depegging of the Japanese yen-pegged GYEN stablecoin in November. The GYEN shot up in value then dropped precipitously a week after being listed on Coinbase, causing the platform to freeze some users’ accounts.

Source

Join @Crypto_Publisher
Contact us @Crypto_Marcus