Delaware Judge Lets Coinbase 2023 Shareholder Suit Proceed over 2021 Listing Sales

On 31 January 2026, a Delaware judge declined to dismiss a shareholder suit against Coinbase, allowing the case to continue for now. Filed in 2023, the suit challenges insider stock sales around the 2021 direct listing, citing more than $2.9 billion sold, including nearly $292 million by Brian Armstrong and roughly $119 million by Marc Andreessen.