Coinbase Faces Class Action Lawsuit in Illinois for Alleged Violation of Privacy Law

Uk Jin

Summary

It was reported that Coinbase is facing a class action lawsuit in Illinois for alleged violation of the Biometric Information Privacy Act.
The plaintiffs claimed that Coinbase collected and shared biometric information without user consent.
The lawsuit suggests that Coinbase's handling of personal information could be problematic for investors.

Coinbase, the largest cryptocurrency exchange in the United States, is reportedly facing a class action lawsuit.

According to Cointelegraph, a cryptocurrency-focused media outlet, on the 18th (local time), Coinbase users in Illinois filed a lawsuit in the Illinois federal court on the 13th, alleging that Coinbase violated the state's Biometric Information Privacy Act (BIPA).

The plaintiffs claimed in the lawsuit that Coinbase collected facial recognition information from users without informing them of guidelines regarding consent, sharing, data usage purposes, and destruction schedules. Additionally, they explained that Coinbase shared users' biometric data with third-party verification providers like Jumio and Onfido without user consent.