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Case Status:    ONGOING    
On or around 03/21/2024 (Date of last review)

Filing Date: May 12, 2022

According to the Complaint, Coinbase Global, Inc. is a cryptocurrency exchange. In November 2021, Coinbase first allowed trading of GYEN stablecoins.

The Complaint alleges that Defendants offered or sold GYEN by means of a prospectus or communication that was materially misleading and that members of the Class who acquired the GYEN stablecoins pursuant to the offering materials and communications sustained substantial damages in connection with their acquisition.

On August 9, 2022, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on August 25.

On September 25, 2023, the case transferred in to the Southern District of New York under Docket 23-CV-08431.

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