Rakoff Tosses Securities Fraud Claims Against Coinbase

By Emilie Ruscoe · April 24, 2026, 7:57 PM EDT

U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform blockchain ecosystem....

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Documents

Case Information

Case Title

Heabeart et al v. Coinbase, Inc. et al

Case Number

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

November 04, 2025

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