A class action lawsuit has been filed against Coinbase alleging misleading investors through undisclosed data breaches, regulatory fines, and misrepresentation in its initial public offering (IPO). Brady Nessler’s complaint details key events impacting the company’s stock price, including a significant data breach affecting user information that was concealed for months after it occurred. 13,000 high-risk customers were onboard without proper disclosures during Coinbase’s IPO process according to the FCA’s $4.5 million fine levied in July 2024, leading to the lawsuit’s contention of artificially inflated stock prices. The complaint names CEO Brian Armstrong and CFO Alesia Haas as defendants alongside Coinbase Global Inc. , seeking compensatory damages for investors who purchased shares between April 14, 2021, and May 14, 2025.