The US Supreme Court has agreed to hear Coinbase’s arbitration dispute in two different cases.
Coinbase is involved in a lawsuit filed by customer Abraham Bielski, who says he was tricked into gaining access to his account by a scammer and then stole more than $31,000 from him.
Also, in another lawsuit in California, former Coinbase users sued alleging that they were tricked by the company into paying $100 or more to enter a sweepstakes that offered participants the chance to win prizes of up to $1.2 million in cryptocurrency Dogecoin. .
US Court to Hear Arbitration Dispute with Coinbase
The U.S. Supreme Court has agreed to hear cryptocurrency exchange Coinbase’s proposal to stop lawsuits that the company claims are private arbitration.
The judges agreed to consider whether two class action lawsuits proposed by customers suing Coinbase could move forward as the company appeals judges’ decisions refusing to compel users to arbitrate their claims.
Neal Katyal, an attorney at Coinbase, said in a statement:
“We are pleased that the Supreme Court has agreed to hear our appeal and we look forward to this matter being resolved.”
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