According to @iampaulgrewal, BiTGlobal has officially dismissed its lawsuit against Coinbase with prejudice, following Coinbase's decision to delist Wrapped Bitcoin (wBTC). This legal victory affirms Coinbase's authority to manage security and risk controls for its user base, potentially setting a precedent for other exchanges considering asset delistings. For traders, this outcome reduces legal uncertainty around wBTC and highlights the importance of platform risk management in crypto trading. This development may influence wBTC liquidity and trading pairs across major exchanges. Source: @iampaulgrewal on Twitter, June 6, 2025.

According to @AltcoinGordon, Coinbase is facing another class-action lawsuit related to a recent data breach, with investors seeking damages due to a significant drop in stock price after the incident was disclosed (Source: @AltcoinGordon, May 26, 2025). This legal development has heightened concerns over security risks and regulatory scrutiny for major crypto exchanges, contributing to increased market volatility and negative sentiment in both Coinbase shares and the broader cryptocurrency sector.