Coinbase Sued In Calif. Over ‘Bank-Level’ Security Claims

By Bonnie Eslinger (January 11, 2023, 4:54 PM EST) — Coinbase has been hit with a lawsuit in California state court seeking a public injunction that would bar the cryptocurrency platform from telling the public that it offers “bank-level” security and other alleged misrepresentations, claiming the company’s lack of fraud controls makes it “easy pickings for hackers.”…

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