Coinbase Locked Users Out of Their Wallets Without Cause, Proposed Class Action Claims

Coinbase, the digital currency wallet and trading platform, was hit with a class action Friday in California Northern District Court on behalf of customers who claim to have been locked out of their accounts without cause. The lawsuit, filed by Mahoney Law Group, contends that putative class members were unfairly deprived of the use of their funds and saw the value of their cryptocurrency drop in the interim. Counsel have not yet appeared for the defendant. The case is 3:21-cv-04286, Leone et al v. Coinbase, Inc.

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