Coinbase Lawsuit Over Delayed Data Breach: Investors Seek Financial Remedy

A class-action lawsuit against Coinbase has been filed, alleging the company delayed disclosing a significant data breach from December 2024. Investors claim this delay resulted in financial losses revealed on May 15th, 2025. The suit underscores concerns about Coinbase’s transparency and has triggered market reactions. Notably, Coinbase’s stock plunged by 7.2% following the disclosure of the breach.