Coinbase has faced a surge of lawsuits following its recent revelation that user data was compromised, with users alleging that the crypto exchange poorly managed the incident.
At least six legal actions were initiated against Coinbase between May 15 and May 16, all claiming that the exchange did not maintain adequate security measures to safeguard user data and mishandled the aftermath of the data breach.
In one of the lawsuits, submitted to a New York federal court on May 16, plaintiff Paul Bender contended that Coinbase did not adequately protect the sensitive personal information of millions of users during the data breach.
Coinbase Faces Series of Lawsuits Related to Breaches of Data
