Coinbase shares to plunge into the SEC New York Times investigation report

Base On Thursday, she confirmed that the US Securities and Exchange Commission was investigating whether the cry was wrong.

The stock was the last below 6%.

According to the New York Times reported by the company reported that the New York Times, which was first reported, is a request for various statements history who sent the stock below. The investigation began during the Biden Administration, which is known to be hostile to the crypto industry, and continues more with the convenient Crypto-Administration Trump.

“This is an investigation into the preliminary administration on the occasion of the metric, which we stopped reporting two and a half years ago, which was completely revealed to the society,” said Coinbase Chief Law Director Paul Greeval in a statement shared by CNBC. “We explained that the proven user metric includes those who check their email address or phone number so that it can overestimate the number of unique customers.”

“While we firmly believe that this investigation should not continue, we remain committed to working with the SEC to bring the case closer,” he added.

Grewal also noted that the company revealed “more relevant metrics of monthly transposing users” or the number of people using the Coinbase platform in this month and continue to do so.

Coinbase stocks were already under pressure after the company said Earlier Thursday that hackers stole customer information and demanded a ransom of $ 20 million. The incident can cost Coinbase up to $ 400 million to fix by calculating the company.

Coinbase is running the biggest cry -exchange in the US last week, this announced the acquisition This is expected Login to benchmark S&P 500 A stock index that will come into force next week. On call for profits last week, CEO Brian Armstrong discussed his ambitions to make Coinbase ‘ No. 1 Financial Services App In the world “in the next five -10 years.