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Coinbase Customers Sue Over Stablecoin That’s ‘Anything But’

  • Hundreds of GYEN purchasers allegedly lost ‘untold millions’
  • Crypto exchange faces skepticism amid worsening bear market
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Coinbase Global Inc. was sued over its role in the promotion and trading of a stablecoin that allegedly was “anything but.”

The digital asset trading platform and the issuer of the GYEN token were accused of misleading investors about its stability, leading to millions of dollars in losses, according to a proposed class-action complaint filed Thursday in federal court in northern California.