Class Action From XRP Investors To Coinbase!

Postponed for a long time and recently Ripple (XRP) completed for owners Flare (FLR) The airdrop did not meet expectations.

So much so that the largest cryptocurrency exchange in the USA by XRP holders coinbaseA class action lawsuit was filed against.

Plaintiff Dallas WoodyCoinbase customers Songbird (SGB) and Flare (FLR)) sued the exchange, claiming that it did not issue its tokens as stated.

The lawsuit in question was filed in the United States District Court on January 13.

Plaintiff Dallas Woody stated that the lawsuit was filed individually and on behalf of all victims of the Flare Airdrop.

Plaintiff also mentioned Coinbase CEO Brian Armstrong in his complaint.

Plaintiff stated that he had some evidence for the allegations against Coinbase and believed it would support his claims.

The plaintiff also alleges that Coinbase unlawfully seized the assets of XRP holders, as well as not giving them to XRP users, despite having received SGB and FLR tokens from the Flare Network.

What Happened?

Allowing the buying, selling and storage of XRP from February 28, 2019 coinbase He later agreed to be part of the FLR airdrop process defined for XRP users.

FLR tokens in your wallet or on supporting exchanges on December 12, 2020 XRP It was stated that it would be distributed to users holding the token.

But now, as Coinbase did not keep this promise and accepted it. FLR allegedly did not issue its tokens to XRP users.