September 25, 2022
coinbase cover 768x403

coinbase cover 768x403

Key Takeaways

  • A shareholder has filed a derivative lawsuit against Coinbase executives over the company’s 2021 public listing.
  • The suit alleges that mismanagement disrupted Coinbase’s “flywheel” growth strategy to the detriment of investors.
  • The lawsuit, if it is successful, could see CEO Brian Armstrong and other executives pay damages to Coinbase itself.

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Crypto exchange Coinbase is facing a derivative lawsuit from a dissatisfied shareholder over its 2021 stock…

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