Coinbase customers sued for unauthorized crypto transfer refused to share their account information to prevent the case from going to arbitration.
The plaintiffs sought at least $5 million in damages from the crypto exchange.
Coinbase Customers Do Not Share Their Information
According to the court filing, the plaintiffs claimed that $6,000 worth of cryptocurrencies were withdrawn from their accounts to an address they had never interacted with before. The file also stated that the hackers managed to withdraw $1000.
The largest US exchange suggested that users disagreed on whether to include a provision in the protective decision stating that Coinbase does not waive its right to arbitrate the dispute.
The company said last month:
More than 100 Coinbase users, led by George Kattula, also sued the exchange for arbitrarily blocking access to their accounts and funds, thus preventing them from withdrawing poorly performing tokens.