According to the lawsuit, this revelation caused Coinbase's stock to drop more than 5%, closing at $231.52 on July 25 of 2024. Nessler claims that Coinbase failed to disclose the violation at the time of its public listing on Nasdaq in April 2021, which allegedly led to an inflated share price. Nessler argues that she would not have bought the stock had she known of the FCA breach.