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Dogecoin Lawsuit Filed Against Coinbase!

Dogecoin lawsuit filed against the largest US exchange Coinbase! The lawsuit sought $5 million on behalf of all users.

Dogecoin Lawsuit Filed Against Coinbase!
Yazar: Eylem Özer

Yayınlanma: 20 Temmuz 2021 22:03

Güncellenme: 23 Ekim 2024 06:19

Dogecoin Lawsuit Filed Against Coinbase!

Dogecoin lawsuit filed against Coinbase! The lawsuit sought $5 million on behalf of all users.

Coinbase, the largest US exchange, has been sued for a Dogecoin campaign. The $100 DOGE buyer filed a class action lawsuit against the exchange, demanding $5 million on behalf of all users to recover damages. The plaintiff, named David Suski, claimed that his campaign during the period when the exchange listed Dogecoin was based on deceiving users. Suski explained that he had to make a $100 DOGE trade to participate in Coinbase's $1.2 million lottery. According to information from the case file, the plaintiff states that the right to participate in the sweepstakes may be free of charge, but Coinbase does not explicitly show it to its users for their financial interests. Coinbase's competitions are based on the fact that customers are entitled to participate in the sweepstakes by using any product or service of the exchange. In the competition, which started on June 3, in which Suski participated, the prize was Dogecoin with a value of $ 1.2 million. After listing Dogecoin in the PRO app, the exchange held the contest to encourage token trading. With the announcement of the $1.2 million Dogecoin award-winning contest, Coinbase informed its customers both through the mobile app, website and email. In the informational texts, it was said that users must make a DOGE trade worth $100 or more as a condition to be able to participate in the lottery. The lawyer of the plaintiff Suski, on the other hand, explained that participation is free, but the exchange does not show this, the rule is only written in a separate section called "Rules and details". In the conditions of the competition of Coinbase, it is written that users can participate in the lottery by sending an e-mail to the exchange with a photo of the document on which their identity information is clearly written. The plaintiff, on the other hand, states that in order to mislead people, the exchange claims that a transaction of at least $100 should be made. Ultimately, the lawyer underlines that his client can participate in this competition without paying $100 and transaction fees, and says that if Suski knew about this, he would not make this payment in any way. In addition, the lawyer stated that millions of users suffered losses due to this campaign, and stated that they had opened this case on their behalf, and that they wanted a loss of 5 million dollars on their behalf.
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