Kattula V. Coinbase Global, Inc. Et Al
The class action lawsuit filed by George Kattula against Coinbase Global, Inc. and Coinbase, Inc. alleges that the company failed to properly secure its customers' accounts and funds, resulting in unauthorized transfers of assets, including cryptocurrency securities, without proper registration as a broker or dealer. The lawsuit also claims that Coinbase improperly locks out customers from accessing their accounts and fails to timely respond to customer support requests. Additionally, the lawsuit alleges that Coinbase does not disclose that the cryptocurrency on its platform is a security and refuses to register as a securities exchange or broker-dealer. The plaintiffs are seeking damages, injunctive relief, and other equitable relief on behalf of themselves and all others similarly situated, including damages for breach of contract, fraud, and violations of consumer protection laws. The court has jurisdiction and venue over the case, and the plaintiffs are seeking class certification.
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