PANews reported on December 2nd that, according to Decrypt, several Coinbase shareholders have filed a lawsuit in Delaware against company executives and director Marc Andreessen, accusing him of concealing KYC, anti-money laundering loopholes, and data breach risks, and of cashing out $4.2 billion in stock before the information was made public. The plaintiffs are seeking substantial damages and board seats. Coinbase had previously announced its relocation to Texas, citing the "unpredictability" of Delaware court precedents as one reason.PANews reported on December 2nd that, according to Decrypt, several Coinbase shareholders have filed a lawsuit in Delaware against company executives and director Marc Andreessen, accusing him of concealing KYC, anti-money laundering loopholes, and data breach risks, and of cashing out $4.2 billion in stock before the information was made public. The plaintiffs are seeking substantial damages and board seats. Coinbase had previously announced its relocation to Texas, citing the "unpredictability" of Delaware court precedents as one reason.
Coinbase executive and director Marc Andreessen is being sued by shareholders for alleged $4.2 billion in insider trading.
PANews reported on December 2nd that, according to Decrypt, several Coinbase shareholders have filed a lawsuit in Delaware against company executives and director Marc Andreessen, accusing him of concealing KYC, anti-money laundering loopholes, and data breach risks, and of cashing out $4.2 billion in stock before the information was made public. The plaintiffs are seeking substantial damages and board seats. Coinbase had previously announced its relocation to Texas, citing the "unpredictability" of Delaware court precedents as one reason.
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