Kuehn law encourages investors of coinbase global, inc. to contact law firm

New york , feb. 10, 2025 /prnewswire/ -- kuehn law, pllc, a shareholder litigation law firm, is investigating whether certain officers and directors of coinbase  global, inc. (nasdaq: coin)  breached their fiduciary duties to shareholders.  according to a federal securities lawsuit, coinbase insiders caused the company to misrepresent or fail to disclose that (1) in 2020, the united kingdom's financial conduct authority ("fca") had deemed efforts by cb payments limited ("cbpl"), part of the coinbase group, to prevent criminals from using its platform to be inadequate; (2) as a result, the fca reached an agreement with cbpl, which put requirements in place that were designed to prevent high risk customers from using cbpl's platform; (3) cbpl then breached that agreement, which resulted in 13,416 high risk individuals receiving services; (4) the foregoing resulted in an undisclosed heightened regulatory risk; and (5) as a result, statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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