"🚨 Breaking: Coinbase insider trading lawsuit against CEO Brian Armstrong and board member Marc Andreessen (via a16z) just advanced.
A Delaware judge ruled the shareholder suit can proceed, rejecting dismissal despite an internal probe that cleared them. Allegations: They used confidential info to sell $2.9B+ in stock during 2021 IPO, dodging $1B+ losses.
Armstrong sold ~$292M, Andreessen Horowitz ~$119M. Case highlights potential conflicts in crypto governance.
Stay tuned—this could get interesting for COIN holders.
#CoinbaseExchange. #CryptoNews #insidertrading $ETH $SOL