A class action lawsuit alleges coinbase failed in its obligation to set up robust security measures, leaving users' accounts vulnerable to theft and fraudulent transfers.
The Georgia lawsuit represents a class of more than 100 people, including lead plaintiff and Georgia resident George Kattula, though Kattula's attorneys say there may be more victims.
The lawsuit details some of these alleged issues, citing a 2019 incident in which the exchange reportedly took over six months to let a customer back into their own account, a pattern the suit alleges the company repeated.
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