Coinbase Sued Over Data Breach and Investor Losses

Coinbase faces legal action from investors alleging it failed to disclose a data breach promptly, leading to significant losses and impacting the company’s stock value. The lawsuit follows an undisclosed data breach reported on May 15, 2025. Investors claim Coinbase did not adequately inform them about the breach until after market trading began, resulting in substantial financial repercussions for many investors. The company’s market value has been affected by the incident, along with potential fines and lawsuits.