Coinbase Inc. lost a private arbitration complaint with damages and costs totaling $618,000 to a client who claimed to lose funds after a 2024 cyber-attack. The complaint of Ashok Maini versus Coinbase Inc. was heard in private arbitration in the forum of the American Arbitration Association, commonly referred to as Triple A arbitration in the industry. Arbitration complaints involving cryptocurrencies are outside the purview of FINRA Dispute Resolution because digital assets are not legally d
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This is a true story and the names and location of the victim's family have been deleted. A crypto account holder was annoyed when his phone would not stop buzzing. It looked like a robocall, so he tried to ignore it. The calls continued and then his wife’s phone also started to ring. When she picked it up, a banner came across, a notification that read, ‘Your account’s in jeopardy.’” The warning, which he said was a text message, prompted him to pick up his phone. That was when the couple’s ni
