Shareholders have filed a derivative lawsuit naming Coinbase Global’s board of directors and CEO Brian Armstrong, alleging breaches of fiduciary duty and oversight failures. The action raises fresh governance and regulatory questions for the exchange.
Board members Justin Mateen and Richard Busch purchased roughly 1.6 million American Bitcoin shares when the trading window reopened after the miner released its latest earnings, a move that signals insider confidence.
The Financial Services Commission has proposed new governance rules forcing Upbit, Bithumb, Coinone and Korbit to cut major owners' stakes to 15–20%, aiming to reduce concentration and conflicts of interest.