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Evening Standard
Evening Standard
Business
Simon Hunt

Coinbase tries to calm customers as it faces lawsuit on security safeguards

The Bitcoin price has fallen 48% since the start of the year

(Picture: REUTERS)

The chief security officer of Coinbase has sought to reassure customers over the firm’s safety standards after the crypto trading exchange faced a lawsuit over alleged security issues.

The lawsuit, filed earlier this month in a US federal court in Georgia, claims the company “does not properly employ standard practices to keep consumers’ accounts secure” and “fails to preserve and safeguard customer assets”.

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