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Coinbase Global Looks to Send Stolen-Crypto Suit to Arbitrator

Jan. 24, 2023, 7:00 PM

A proposed class action alleging that Coinbase Global employed poor data-security practices and allowed thieves to ransack customer cryptocurrency accounts should go before an arbitrator, the company told a federal court.

All of the plaintiffs entered into user agreements requiring mandatory arbitration of disputes arising out of Coinbase’s services, the company said in a motion to compel arbitration filed Monday in the US District Court for the Northern District of Georgia.

The US Supreme Court will hear Coinbase’s appeal this term related to two of the company’s recent losses before lower courts on motions to compel arbitration. At issue in ...