New York, New York – On August 21, 2022, Rosen Law Firm, a prominent global investor rights law firm, announced the filing of a class action lawsuit on behalf of purchasers of securities in Coinbase Global, Inc. (NASDAQ: COIN) during the period from April 14, 2021, to July 26, 2022 (the “Class Period”). Interested parties who wish to serve as lead plaintiff must file a motion with the court by October 3, 2022.

Details of the Lawsuit
The lawsuit alleges that during the Class Period, Coinbase made misleading statements and failed to disclose critical information regarding its operations, including:

The company held crypto assets for customers that could be considered property of a bankruptcy estate, which would place customers at risk of being treated as general unsecured creditors in bankruptcy proceedings.
Coinbase allowed U.S. customers to trade digital assets that it was aware should have been registered as securities with the SEC.
The company’s actions exposed it to increased regulatory scrutiny and potential enforcement actions.
These allegations suggest that Coinbase’s public disclosures were materially false and misleading, leading to investor damages when the true information became public.

Next Steps for Investors
Investors who acquired Coinbase securities during the Class Period are urged to visit Rosen Law Firm’s website or contact Phillip Kim, Esq. at 866-767-3653 or via email at [email protected] for more information on participating in the class action.

It’s important to note that no class has been certified yet; therefore, investors are not currently represented by counsel unless they choose to retain one. The opportunity to recover potential damages is not contingent upon serving as a lead plaintiff.

About Rosen Law Firm
Rosen Law Firm is recognized for its successful track record in securities class actions and shareholder derivative litigation, having achieved notable settlements and recognition within the legal community. Investors are encouraged to choose qualified legal counsel with a proven history of success in this field.