Shareholder files lawsuit against Coinbase leadership

A Coinbase shareholder has filed a lawsuit against CEO Brian Armstrong and other top executives. The complaint alleges the company misled investors about risks related to custody of customer assets, token listings, and anti-money-laundering controls.
The lawsuit also cites potential risks to customer assets in the event of a Coinbase bankruptcy, possible insider stock sales, and company expenses tied to fines, legal proceedings, and reputational damage.