Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global
Coinbase Receives Class Action Complaint Citing Security Problems

Coinbase Receives Class Action Complaint Citing Security Problems

by BitDegree
September 1, 2022
in Global
Reading Time: 2 mins read
3k
A A
0
Share on FacebookShare on Twitter

More than 100 people have sued Coinbase for improperly protecting their accounts.

Coinbase, an American cryptocurrency exchange platform established in 2012, is accused of failing to secure customer accounts, resulting in the loss of funds. 

According to the class action lawsuit issued to the U.S. District Court for the Northern District of Georgia, Coinbase has allegedly harmed users by not allowing them to enter their accounts for a significant period of time. The class complaint reads:

You might also like

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
7.5k
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
7.5k

As a result of Coinbase’s conduct, Plaintiff and Class Members have been damaged through the loss of their wallet and account access, the assets and investments in those accounts, the theft of sensitive personally identifiable information stored in their Coinbase accounts, and, among other things, their investment opportunities.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

The class complaint has been filed by more than 100 people, including the leading litigant George Kattula. The litigant’s attorney, John Herman, noted that there could be more victims. 

“We are aware of a large number of fraudulent transactions in the accounts of Coinbase customers. We are encouraging all Coinbase account holders to review their accounts carefully and advise us promptly of any irregular activity,” said John Herman. 

Kattula aims to receive over $5 million in damages and prevent involved parties from providing certain services. 

The lawsuit notes that Coinbase used the same strategy as in 2019 when customers were not allowed to enter their accounts for more than 6 months. 

It is not the first time lawsuits against Coinbase are started. The U.S. District Court in Delaware received a Coinbase Global, Inc complaint accusing Coinbase’s leadership of making “false and misleading statements” regarding public listings. 

Moreover, California resident Abraham Bielski has sued Coinbase for violating “the Electronic Funds Transfer Act and Regulation E therein”. Another customer Suski has accused Coinbase of violating California consumer law when the company didn’t warn users about sweepstakes.

Aaron S. - Expert Reviewer

by Aaron S. – Expert Reviewer, BitDegree


This article was originally published in Bitdegree and can be viewed here:

https://www.bitdegree.org/crypto/news/coinbase-receives-class-action-complaint-citing-security-problems

Tags: Bitdegree
Advertisement Advertisement
Previous Post

Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

Next Post

SudoRare Disappears From The Web With Around $815K Stolen by Developers

BitDegree

BitDegree

Related Stories

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

by Klever
February 22, 2023
0
7.5k

We are excited to announce that Klever has recently joined the Web3 Domain Alliance, a group dedicated to promoting the...

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

by Isabela Bellumat
February 14, 2023
0
7.5k

With so many options available, it can be difficult to determine which wallet is the best choice for your digital...

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

by Warren Manuel
February 10, 2023
0
7.3k

Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central...

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

by Warren Manuel
February 9, 2023
0
7.3k

Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI),...

Next Post
SudoRare Disappears From The Web With Around $815K Stolen by Developers

SudoRare Disappears From The Web With Around $815K Stolen by Developers

Australian Government Plans to Establish A Crypto Regulatory Framework

Australian Government Plans to Establish A Crypto Regulatory Framework

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8375 shares
    Share 3350 Tweet 2094
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7039 shares
    Share 2816 Tweet 1760
  • Bitcoin battles back from record losses to $21,000

    5915 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5360 shares
    Share 2144 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5074 shares
    Share 2030 Tweet 1269

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version