Less than two weeks after the announcement that the company was under SEC investigation, a pair of class-action lawsuits were filed against the company.
On Friday, Decrypt reported that two separate law firms filed the cases, and that the SEC probe found that the company was offering trading services that should've been registered as securities.
There were two suits filed in New Jersey and San Diego. The recent string of scandals and mess-ups at Coinbase was sounded off about by a number of cryptanalysts on the social media platform.
"Imagine using a credit card after all that crazy stuff," one person said. There are more than one exchange like Bitfinex.
Some investors plan to use the exchange, though, because one took to social media to advocate for day trading.
"Remember, Jim Cramer and Cathie Wood panicked and sold the company last week at $51, today it's $88," she said on her website. Investing is difficult.
The company has been on ice for a while. The company manager was arrested as he tried to leave the country. The company withdrew job offers to people who had already accepted them.
In an industry that's already sucking up as much electricity as entire US cities, there isn't much room for sympathy.
Musk had to prove he was not a drug addiction after smoking weed with Rogan.
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