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Holding Coinbase Accountable: MB&C Seeks Justice for Victims of Security Breaches and Stolen Funds

Posted by Lawrence J. Centola | Jun 17, 2026 | 0 Comments

Martzell, Bickford & Centola is currently representing individual users in arbitration proceedings against Coinbase, the largest cryptocurrency exchange based in the U.S. We allege that serious security lapses and data breaches enabled bad actors to access and steal our clients' funds via convincing social engineering scams and account takeovers. These cases highlight a troubling pattern: platforms like Coinbase that promise safety and reliability fall short, leaving everyday consumers to bear the financial and emotional burden when their hard-earned digital assets disappear in moments.

Our team is aggressively pursuing these claims in arbitration, seeking full restitution for stolen assets, along with compensation for related damages. We are focused on proving that Coinbase's security shortcomings fell below reasonable industry standards. This includes examining:

- Adequacy of cybersecurity protocols

- Response times to known vulnerabilities

- Data protection and breach notification practices

- Overall duty of care owed to users

If you've been harmed by security failures, social engineering scams, or account takeovers, Coinbase may be responsible. Please contact us at 504-581-9065 or [email protected] for more information.

About the Author

Lawrence J. Centola
Lawrence J. Centola

Principal Mr. Lawrence J. Centola, a principal of Martzell, Bickford & Centola, focuses on class actions, products liability including asbestos, and mass torts. Mr. Centola is class counsel in the Bayou Corne sinkhole lawsuit and has been named class counsel in class actions across the state. Mr...

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