Coinbase is Being Sued for Promoting TerraUSD!

Coinbase, a digital currency wallet and trading platform, is being sued in a class-action lawsuit over its marketing of the cryptocurrency TerraUSD. According to the lawsuit, the firm misled the plaintiffs and class into believing they were acquiring a "reserve-backed stablecoin" . According to the lawsuit, TerraUSD was touted as a sort of investment that could "virtually eliminate volatility,". The complaint also claims that the devaluation of TerraUSD caused investors to lose almost $18 billion in a couple of days in May. Milberg Coleman Bryson Phillips Grossman, a legal firm, filed the action.