WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
WebsCrypto
Markets

Court Rules Coinbase Disqualified From Compulsory Arbitration in Cryptocurrency Theft Lawsuit

By WebsCryptoApril 17, 20221 Min Read
Court Rules Coinbase Disqualified From Compulsory Arbitration in Cryptocurrency Theft Lawsuit
Share
Facebook Twitter Telegram LinkedIn Reddit Email

Coinbase lost its mandate to arbitration in a lawsuit over the theft of cryptocurrency worth more than $31,000 from users. Last year, Abraham Bielski was contacted by a scammer claiming to be a PayPal representative. Bielski gave the person remote access to his Coinbase account, which has assets worth $31,039.

The plaintiff alleges that Coinbase’s customer service was meager and ineffective after the money was withdrawn from his digital wallet. Bielski is attempting to pursue the case as a class action on behalf of individuals who have had similar experiences at Coinbase.

The U.S. District Court for the District of Northern California found that the user agreement “imposed a onerous and unfair pre-arbitration dispute process on users and referred their complaints (rather than Coinbase’s) to binding arbitration.”

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Crypto Cryptocurrency
Related News

Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years

India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023

Mike Novogratz: Despite U.S. Regulations, Cryptocurrency Markets Have Been Strong This Year

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities

Why Is the CFTC Suing Binance?

The Latest
News March 30, 2023
Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years
News March 30, 2023
India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023
Markets March 30, 2023
Mike Novogratz: Despite U.S. Regulations, Cryptocurrency Markets Have Been Strong This Year
Markets March 28, 2023
US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases
Markets March 28, 2023
CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

Type above and press Enter to search. Press Esc to cancel.