news

bitcoin

1 X bitcoin bitcoin =

Monday

26 July 2021

Dogecoin Fan Sues Coinbase Over 'False and Misleading' Sweepstakes - Decrypt

Dogecoin Fan Sues Coinbase Over 'False and Misleading' Sweepstakes - Decrypt


smart summary beta

According to Suski, the marketing company hired by Coinbase to run the sweepstakes used "false and misleading" tactics to disguise the free-entry option.

In the case of Coinbase, Suski alleges that it unfairly hid the free entry mechanism because it wanted to increase liquidity on its exchange.

The complaint adds that Coinbase and the marketing company, which is also named in the lawsuit, knew exactly what they were doing given that Coinbase had recently run a similar $2 million Bitcoin sweepstakes.

According to Suski, who appears to be a Bank of America consultant based on this LinkedIn profile, he already owned more than 1,000 Dogecoins he had purchased on Robinhood, and would not have bought Doge on Coinbase had he known about the free entry option.

Goto Full Article

bitcoin bitcoin price

$38504.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.4)

Article Metadata

author

site

decrypt.co
Market data feeds provided by cryptocompare.com
bitsmart 2021