A new shareholder lawsuit accuses Coinbase executives, led by CEO Brian Armstrong, and other board members of orchestrating a years-long scheme to sell billions of dollars worth of stock at artificially inflated prices while hiding crucial internal information about the exchange’s shortcomings. The suit alleges that this insider selling took place in anticipation of negative market feedback following disclosures about Coinbase’s inadequate Know Your Customer (KYC) and anti-money laundering (AML) controls, data security weaknesses, and regulatory probes. This lawsuit follows another filed earlier this year, alleging similar practices during the company’s 2021 direct listing that resulted in a multi-billion dollar financial loss for the executives involved.