Sao Paulo Court Orders Coinbase to Return $100K After Wallet Theft

Brazil court orders Coinbase to repay $100,000 lost from wal

🚨 Brazil court orders Coinbase to repay $100,000 missing from $BTC wallet. 🕵️‍♂️ Customer's crypto vanished, and court rejects Coinbase’s self-custody defense. ⚖️ Judge cites lack of security proof and criticizes technical jargon filings. &#x...

Coinbase faces $100K liability in Sao Paulo court wallet hack lawsuit

A São Paulo court has ordered Coinbase (NASDAQ: COIN) to return roughly $100,000 to a customer whose crypto disappeared from a Coinbase Wallet.  The court rejected the exchange’s argument that self-custody shields it from liability when user funds are stolen. Court throws out Coinbase defense  Brazilian courts may begin holding wallet software makers responsible for user security after the São Paulo State Court (TJSP) told Coinbase to repay abou…

Sao Paulo Court Orders Coinbase to Return $100K After Wallet Theft

A São Paulo state court has ordered Coinbase to return nearly $100,000 to users who lost funds in a self-hosted wallet theft, rejecting the exchange's argument that it bore no responsibility for assets held outside its custody.Read more...

São Paulo Court Orders Coinbase to Return $100K in Self-Custody Wallet Ruling

Brazil's consumer protection law just turned the self-custody defense into a liability.Key takeawaysThe São Paulo State Court (TJSP) ordered Coinbase to return approximately R$507,000 (~$99,000 at the Banco Central do Brasil rate of R$5.11/USD as of July 10, 2026) to a user after unauthorized transactions drained their Coinbase Wallet, applying Brazil's Consumer Protection Code to self-custody software.Coinbase lost not because it was found comp…

São Paulo Court Rules Against Coinbase in Landmark Case Over $100K Self-Custody Hack

The ruling, which went against Coinbase even though it did not control the user’s wallet, might establish a precedent for liabilities affecting companies providing self-custody tools, even if they are only involved as software providers. São Paulo State Court Rules against Coinbase in $100K Trial The state of São Paulo has ruled against Coinbase in […]