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Coinbase Sued for Refusing to Airdrop Songbird (SGB) and Flare (FLR) to XRP Holders

Coinbase, the largest US-based cryptocurrency exchange by 24-hour trading volume, has been hit with a civil lawsuit relating to the Songbird (SGB) and Flare (FLR) airdrops. The plaintiff charges the exchange for refusing to distribute the issued FLR and SGB airdrops to eligible XRP holders on its platform.

The charges leveled against Coinbase include breach of fiduciary duty, intentional misinterpretation fraud, negligent misrepresentation, constructive fraud, conversion, common count, negligence, and violation of unfair competition law among others. 

Dallas Woody, an XRP digital token holder, filed this class action lawsuit against Coinbase and its Chief Executive Officer Brian Armstrong on Friday, individually and on behalf of all others similarly situated.

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