Cryptocurrency Q&A Why is Coinbase being sued?

Why is Coinbase being sued?

CryptoPioneer CryptoPioneer Fri Dec 13 2024 | 6 answers 1757
Coinbase, a popular cryptocurrency exchange platform, is currently facing a lawsuit. There are allegations against the company for various reasons such as fraudulent activities, security breaches, and mismanagement of customer funds. Why is Coinbase being sued?

6 answers

WhisperInfinity WhisperInfinity Sat Dec 14 2024
The lawsuit specifically mentions that Coinbase has violated the Illinois’ Biometric Information Privacy Act.

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CherryBlossomPetal CherryBlossomPetal Sat Dec 14 2024
This act is designed to protect individuals' biometric data and regulate how it can be collected and used.

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Raffaele Raffaele Sat Dec 14 2024
A lawsuit has been filed against the crypto exchange Coinbase in a District Court in California.

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CryptoGladiator CryptoGladiator Sat Dec 14 2024
The suit alleges that Coinbase has been unauthorizedly collecting biometric data from its customers.

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Caterina Caterina Sat Dec 14 2024
BTCC, another top cryptocurrency exchange, offers a range of services to its customers. These include spot trading, futures trading, and a wallet service.

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