BitcoinSistemi 2025-05-19 12:12:08

Coinbase Survived SEC Lawsuit! But Another Lawsuit Was Filed Against It! Here Are the Details…

Coinbase, the largest cryptocurrency exchange in the United States, is facing a new lawsuit in the country. Accordingly, Coinbase is facing a class action lawsuit in the US state of Illinois over an alleged biometric data breach. Following the conclusion of its lawsuit with the SEC, Coinbase has faced new litigation, with a group of Coinbase users in the state of Illinois filing a class-action lawsuit against the exchange, alleging that the exchange’s identity checks violate the state’s Biometric Information Privacy Act (BIPA). Users allege in the lawsuit that Coinbase required users to verify their identity with a government-issued ID and processed the collection, storage, or sharing of biometric data without written notice or proper consent, thereby violating BIPA. The plaintiffs allege that Coinbase failed to inform users in writing about the collection, storage or sharing of their biometric data and the purpose and retention schedule of their data. The plaintiffs also alleged that Coinbase violated the law by sharing biometric data with third-party verification providers such as Jumio, Onfido, Au10tix, and Solaris without users’ consent. “Coinbase does not publicly provide a retention schedule or guidelines for the permanent destruction of Plaintiffs’ biometric identifiers as specified by BIPA.” Coinbase was also hit with a lawsuit filed by a group of Coinbase users in May 2023 alleging similar BIPA violations, but the case was dismissed by a judge. *This is not investment advice. Continue Reading: Coinbase Survived SEC Lawsuit! But Another Lawsuit Was Filed Against It! Here Are the Details…