Coinbase sued in relation to promotion of TerraUSD cryptocurrency By michael40712627
Lawsuit claims Coinbase misled the plaintiffs and class into believing that they were purchasing a “reserve-backed stablecoin,” a type of cryptocurrency that is generally less volatile than its counterpart.
Coinbase, a digital currency wallet and trading platform, faces a class action lawsuit filed on Thursday in California Northern District Court in relation to its promotion of cryptocurrency TerraUSD, according to court documentsThe lawsuit accuses Coinbase of failing to disclose the risks inherent to TerraUSD and misleading the plaintiffs and class into believing that they were purchasing a “reserve-backed stablecoin,” a type of cryptocurrency that is generally less volatile than its...
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