The U.S. Supreme Court on Friday agreed to hear cryptocurrency exchange Coinbase Global Inc's bid to halt lawsuits the company contends belong in private arbitration, including one by a user suing after a scammer stole from his account.
A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/IllustrationDec 9 - The U.S. Supreme Court on Friday agreed to hear cryptocurrency exchange Coinbase Global Inc's
"We are gratified the Supreme Court agreed to hear our appeal, and we look forward to its resolution of this matter," Neal Katyal, a lawyer for Coinbase, said in a statement. The lawsuits at issue before the Supreme Court include one in California by customer Abraham Bielski, who said he was tricked into giving access to his Coinbase account to a scammer who then stole more than $31,000 from him.
In both cases, judges declined to force Coinbase's customers to pursue their cases in arbitration, as the company claimed their user agreements required.
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