PANews reported on May 26 that according to Cointelegraph, the crypto exchange Coinbase and its executives were sued by investor Brady Nessler for data breaches and failure to disclose UK regulatory violations. The indictment pointed out that the data breach in May caused the stock price to fall 7.2% in a single day, and the $4.5 million fine for violating the UK FCA agreement in July 2024 also caused stock price fluctuations. Coinbase previously disclosed that an insider was bribed to leak user data, which may cause a loss of $400 million.

This is the first class action lawsuit against Coinbase for claims of falling stock prices, covering stock buyers between April 2021 and May 2025. The lawsuit accuses the company of failing to disclose regulatory violations in a timely manner and allegedly inflating its stock price. Coinbase has not commented at this time. The platform has previously faced multiple lawsuits for data breaches, including allegations that it did not properly handle user biometric data.