Coinbase acknowledged an ongoing SEC investigation into misstating user numbers in public filings of its IPO

Description

Coinbase on May 15, 2025, has acknowledged an ongoing SEC investigation into whether it misstated user numbers in public filings tied to its 2021 IPO.

Event date

May 15, 2025

Quotes that support claims

The SEC is reportedly investigating whether Coinbase inflated its user metrics in its public filings around the time the exchange went public.

Coinbase (COIN.O), said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.

Crypto exchange Coinbase has confirmed a NYT report that it is probed by the SEC over concern is misstated user numbers several years ago.

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Week 20 of 2025