Coinbase Faces Another Lawsuit

US cryptocurrency exchange and wallet provider Coinbase faces a fresh lawsuit, filed March 2, alleging it “kept” funds that its users sent via email, but which recipients never claimed. A class action document filed at the United States District Court for the Northern District of California by Restis Law Firm on behalf of two Coinbase users seeks reimbursement of the funds, including those sent involving now-expired email addresses. The lawsuit implicates not just the two plaintiffs, two US citizens residing separately in Michigan and California, but anyone potentially affected by the alleged practice of not returning unclaimed emailed coins. “[…U]ntil 2017, most people never heard of a ‘bitcoin’ or cryptocurrency, so most of these emails were disregarded. And most of the Cryptocurrency went unclaimed,” the court document suggests.


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