Coinbase Gets Approval to Bring the Lawsuits in Supreme Court

Coinbase Gets Approval to Bring the Lawsuits in Supreme Court

Leading US crypto exchange Coinbase reported success in its efforts to resolve potential lawsuits through private arbitration. The exchange filed in the Supreme Court seeking a hearing for the aforementioned appeal. 
Coinbase Bringing the Case to Supreme Court
This came as relief for the crypto firm dealing with the lawsuits for quite some time. A spokesperson showcased the gratification towards the Supreme Court for the hearing over the appeal. He also ensured the company would be looking forward towards resolving the matter. 
A user of Coinbase named Abraham Bielski reported to sue the crypto exchange after he got scammed over the platform. He said to lose over 31,000 USD and alleged someone not in the connection with the company was responsible for the loss.  
According to the filed class action lawsuit, Electronic Funds Transfer Act would make the crypto exchange pay the user with the amount equally to the stolen crypto asset. 
First Crypto Hearing in the Supreme Court
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