Coinbase faces a lawsuit for insider trading and $3 billion in stock sales.
02.12.2025
A federal court in the United States has decided to move forward with a high-profile lawsuit against Coinbase, the largest cryptocurrency platform, over allegations of insider trading and the alleged sale of $3 billion worth of stock. According to court filings, a group of shareholders alleged that Coinbase executives, including top executives, may have used confidential information for personal gain during its initial public offering (IPO).The judge denied Coinbase's motion to dismiss the case, citing sufficient grounds for further proceedings. The lawsuit centers on events that occurred during the company's IPO, when, according to the plaintiffs, significant blocks of shares were sold before the publication of information that could affect the quotes. The total amount of the disputed transactions is estimated at $3 billion, which is about 15% of the company's market capitalization at the time of the IPO.Coinbase denies all accusations, stating the transparency of corporate policy and compliance with all legal requirements. Representatives of the company emphasize that the accusations are not supported by evidence, and intend to defend its reputation in court. Experts note that the outcome of the case may become a precedent for the regulation of cryptocurrency exchanges and strengthen the requirements for information disclosure in the market of digital assets.The next hearing is scheduled for the coming months, and its outcome will be closely monitored by both investors and regulators around the world.
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