Indeed, the very same access to MNPI is why the Board prohibited directors and officers from participating in the Secondary Trading Program," the lawsuit claims. Adam Grabski, the investor who derivatively filed the lawsuit on behalf of Coinbase, bought shares on the day the exchange went public. While parts of the lawsuit remain redacted, Grabski alleges that the company caused fee compression with the rollout of Coinbase Pro. Following the company's public debut in 2021, analysts quickly noted that the reliance on transaction fees was concerning.