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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. Coinbase CEO disclosed a data breach involving customer information. 3. Criminals demanded $20 million to avoid releasing stolen data publicly. 4. Coinbase's stock fell 7.20% following the breach announcement. 5. The investigation may lead to significant legal repercussions for Coinbase.

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FAQ

Why Very Bearish?

The ongoing investigation and data breach could undermine investor confidence, reminiscent of past scandals that severely impacted stock prices in similar cases.

How important is it?

Given the ongoing investigation and the immediate stock price drop, this news is of high importance to investors and stakeholders.

Why Short Term?

Immediate legal concerns and investor reactions could significantly influence COIN's price in the near term, as seen with similar incidents in the tech industry.

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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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