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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Coinbase Global, Inc. - COIN

1. Pomerantz LLP is investigating Coinbase for potential securities fraud. 2. CEO Brian Armstrong announced a data breach affecting customer information. 3. The breach led to a $20 million ransom demand from criminals. 4. Coinbase's stock fell 7.20% following the breach announcement. 5. Pomerantz LLP specializes in corporate and securities class action litigation.

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FAQ

Why Bearish?

The announcement of a data breach and potential fraud may harm investor trust, similar to historical cases like Target's data breach in 2013, which led to significant price drops and class action lawsuits.

How important is it?

The investigation suggests potential vulnerabilities in Coinbase's management and operations, which could lead to wider losses if proven, impacting stock performance.

Why Short Term?

Stock may be affected quickly due to immediate negative sentiment surrounding the data breach, but could stabilize if managed well.

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Pomerantz LLP is investigating claims on behalf of investors of Coinbase Global, Inc. ("Coinbase" or the "Company") (NASDAQ:COIN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Coinbase and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On May 15, 2025, Coinbase Chief Executive Officer Brian Armstrong announced in a social media post that criminals had improperly obtained personal data on the exchange's customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the information. Armstrong said that criminals had obtained the data by bribing Coinbase customer service agents.On this news, Coinbase's stock price fell $18.97 per share, or 7.20%, to close at $244.44 per share on May 15, 2025.Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.Attorney advertising. Prior results do not guarantee similar outcomes.SOURCE: Pomerantz LLP

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