{"id":12980,"date":"2022-06-21T15:16:25","date_gmt":"2022-06-21T15:16:25","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=12980"},"modified":"2022-06-21T15:16:25","modified_gmt":"2022-06-21T15:16:25","slug":"coinbase-is-facing-class-action-for-listing-gyen-terrausd","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/coinbase-is-facing-class-action-for-listing-gyen-terrausd\/","title":{"rendered":"Coinbase is facing class action for listing GYEN, TerraUSD"},"content":{"rendered":"
The cryptocurrency exchange Coinbase may face class action lawsuits for not performing due diligence before using GYEN, TerraUSD, which resulted in millions of losses.<\/p>\n
One suit claimed that the organization failed to tell users about its relationship with Terraform Labs, and the risks associated with TerraUSD (Coinbase Ventures, the investment arm, is the biggest investor in this project). It states that Robinhood, Kraken, and Gemini disclosed more information on these coins compared to Coinbase.<\/p>\n