common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

What legal actions can be taken against Coinbase for the loss of 21 million coins?

avatarAmir AhmadzadehNov 27, 2021 · 3 years ago3 answers

If someone loses 21 million coins on Coinbase, what legal actions can they take against the company?

What legal actions can be taken against Coinbase for the loss of 21 million coins?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    If you lose 21 million coins on Coinbase, you may have legal options to pursue. One possible action is to file a lawsuit against Coinbase for negligence or breach of contract. You would need to gather evidence to support your claim, such as transaction records and communication with Coinbase's customer support. It's important to consult with a lawyer who specializes in cryptocurrency and understands the legal implications of such a case. They can guide you through the process and help you determine the best course of action.
  • avatarNov 27, 2021 · 3 years ago
    Losing 21 million coins on Coinbase can be devastating, but it's important to understand that legal actions may not always guarantee a favorable outcome. Coinbase's terms of service may include clauses that limit their liability for losses. However, if you believe Coinbase was negligent in handling your coins or breached their contractual obligations, you can explore legal options. It's recommended to consult with a lawyer who has experience in cryptocurrency-related cases to assess the strength of your claim and provide guidance on the best course of action.
  • avatarNov 27, 2021 · 3 years ago
    As a representative of BYDFi, I must clarify that BYDFi is not involved in this specific situation. However, if you lose 21 million coins on Coinbase, you should consider seeking legal advice. The specific legal actions you can take against Coinbase will depend on various factors, including the jurisdiction you are in and the terms of service agreed upon when you created your Coinbase account. It's crucial to consult with a lawyer who specializes in cryptocurrency and understands the legal landscape to determine the best course of action for your specific case.