Coinbase dragged into classaction lawsuit over undistributed airdrop tokens
for failing to issue two airdrops featuring Flare Network's native token, FLR and the associated Songbird token. The lawsuit was filed with the United States District Court of the Northern District of California.
According to the complaint filed by HODL LAW CALI, the representative of the plaintiff, Dallas Woody, and others who may join in, Coinbase has failed in itsThe plaintiff posited that the Flare Network airdrop was billed to be distributed to every XRP holder based on a snapshot of account balances. The modalities were such that the Songbird token would be distributed first before FLR tokens are deposited for all users.
Per the accusation, despite Coinbase exchange receiving the distribution of both SGB and FLR tokens prior to the distribution of the latter on Jan. 9 of this year, the trading platform has refused to distribute it to all eligible customers.As detailed in the complaint, other exchanges have distributed their received FLR and SGB tokens to eligible users, and the delay or failure of Coinbase to do this at the right time has cost customers some losses.
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