A new lawsuit has been filed against Coinbase executives, alleging insider trading based on their sales of over $2.9 billion worth of stock before a regulatory crackdown and declining earnings reports in 2021. The suit claims these executives concealed negative information about the company, including regulatory issues and weakening revenue prospects, potentially benefiting from insider knowledge before a market decline. 💰 While Coinbase’s CEO Brian Armstrong and board member Marc Andreessen haven’t commented publicly on the lawsuit, court filings detail their stock sales totalling $2.9 billion, which allegedly avoided over $1.09 billion in potential losses. 📉 The lawsuit, filed in Delaware Chancery Court, focuses on Coinbase’s native cryptocurrency token stock. The case raises significant questions about regulatory compliance and market trust, especially given the company operates under intense scrutiny by regulators like the SEC and CFTC. 👀 No official statements have been released yet from financial bodies or Coinbase itself, but this lawsuit could intensify regulatory scrutiny and impact public perception of the crypto exchange. 🤝