Ethereum
$ 1,123.78 7.15%
Solana
$ 34.90 9.73%
Dogecoin
$ 0.064943 10.02%
ApeCoin
$ 4.78 6.85%
Bitcoin
$ 20,002.00 4.38%
BNB
$ 219.08 7.65%

Angry Dogecoin enthusiast drags Coinbase to court for ‘False and Misleading’ sweepstake

Dogecoin enthusiast

TL;DR Breakdown

  • Angry Dogecoin enthusiast David Suski allege Coinbase of false and misleading sweepstakes
  • Suski notes that Coinbase hide free entry option for sweepstake participants
  • Coinbase is yet to comment on allegations

An angry Dogecoin enthusiast has dragged top American crypto exchange firm, Coinbase to court in a $5 million class-action lawsuit.

The Dogecoin enthusiast claims the crypto giant misled him and others to pay and enter into a sweepstake to win the novelty cryptocurrency that they could have entered for free.

In his complaint filed before a San Francisco federal court, David Suski, the Dogecoin enthusiast, stated that he paid $100 to enter Coinbase’s “Trade Doge, Win Doge” contest launched in June.

The Dogecoin enthusiast claimed he was not going to pay if coinbase said clearly that there was another way to enter the contest, which includes by mailing in a 3×5 index card with the participant’s name, address, and birthday.

He noted in his suit that the marketing firm hired by Coinbase used “false and misleading” tactics to disguise the free-entry option. The dogecoin enthusiast in his lawsuit held that a link to the sweepstake rules was published in small, faint text.

Angry Dogecoin enthusiast drags Coinbase to court for 'False and Misleading' sweepstake 1
sweepstake rules was published in small, faint text.

Despite just requiring $100 or possibly to enter free, the grand prize was $300,000 and numerous smaller awards comprising of $30,000 to $100.

What the law says and Dogecoin enthusiast’s argument

Sweepstake laws has it that firms must have a way participants can enter for free. However, firms also design the contest such that some participants can enter through other means, including payment.

However, for Suski, the Dogecoin enthusiast, Coinbase unfairly hid the free entry option purposely to improve liquidity. He adds that both Coinbase and the marketing firm he sued and Coinbase knew what they were doing.

Coinbase opinion on the lawsuit

Although, apart from Suski’s lawsuit, the Sweepstake and Coinbase has been a trendy topic on Reddit, especially as they announced the winner would be selected June 17, and the firm said it would contact the winner directly.

However, Coinbase are yet to say anything on the lawsuit so far.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

Dogecoin price analysis: DOGE/USD pair set to break past the daily resistance found at $0.08
Tezos price analysis: XTZ fails to sustain the rebound, falls below $1.6 support
Top 5 Benefits of Crypto Casino
Chainlink price analysis: LINK rejected at $7.00, falls below $6.50 support
Traderpowers review 2022

Follow Us

Industry News

Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report
US adults turn strong hands, predict Bitcoin at $38,000 on average in 6 months
Nexo reacts to new Emblezzlement allegations and threatens legal action
Bear market 2022 hits crypto to its worst in historic records