Coinbase data breach lawsuit: Can a sign-up get $1000+ in settlement payouts?

If you’ve received an email or notice from Coinbase in May 2025 about the data breach/hack that involved your account, you may be wondering what to do, and if you’re actually eligible for large compensation amounts as promised by advertisements you see online.

Answer: Maybe, you might be able to get hundreds or even potentially a $1,000+ settlement from this lawsuit if you qualify. At Is That Legal, we’ve calculated that Coinbase’s $180M–$400M remediation fund yields a theoretical per-person range of $1,850 to $5,700 (if all funds are distributed, and without any legal costs), but this assumes full payout to every victim involved in the lawsuit, which is unlikely.

For those who sign up for the 2025 Coinbase data breach lawsuit, the websites of various law firms such as Harrer are hinting at a potential settlement of hundreds of dollars per customer from state consumer protection and privacy law claims (via potential mass arbitration cases), while firms such as Milberg seem to be investigating both class action lawsuits and arbitration options for their potential clients/plaintiffs, but without discussing specific dollar amounts.

Important: Some law firms such as Brooks Kushman are looking to target actual damages to customers like you from Coinbase’s egregious hacking incident, including: potential restitution of stolen crypto funds and scam losses, fees for identity restoration, credit monitoring, and potential punitive amounts. These cases may deliver more for those with verifiable losses as a result of Coinbase’s inadequate safety measures, but likely won’t reach the $1,850–$5,700 range per-person across the board.

As the claims and legal process advances, the class action/mass arbitration filings will provide clearer breakdowns of payout amounts per claim.

Is That Legal is here to help: you can sign up now via the below link and preserve your eligibility, especially since it’s free to join upcoming lawsuits and specific compensation and payout figures will emerge as investigations and cases progress, at which point it may be too late to join.

2025 Coinbase Lawsuit Sign-Up Form

Have you received a Coinbase Data-Breach Notice? Brooks Kushman P.C might be able to represent you. Start your claim by signing up for the Coinbase class action legal action via this link. If you fill out the form you give consent to be contacted by the attending law firm.

What steps do I need to sign up for this lawsuit?

You don’t need to be an expert or do this alone. Signing up takes just a few steps—and could lead to real compensation (in the hundreds or even thousands of dollars). Below we’ve highlighted how this process generally works based on our experience:

1) Confirm You Were Affected – Look for an email or message from Coinbase sent around May 11, 2025, alerting you about the breach. If you received it—or saw suspicious activity on your account—you’re likely eligible.

2) Fill Out the Intake Form once you click this sign-up link – You will provide some data to tell the attending law firm you’re a real victim. This is important for them to know as they work on contingency (they only get paid if you win). So you would need to provide some basic info online via a quick multiple choice form:

• Your name, email, address
• Coinbase account status
• Summary (usually multiple choice answers) regarding fraud, identity theft, or time spent fixing things

3) Submit Proof of Impact (if you have it) – As part of the “intake” procedure, you will most likely need to upload copies of:

• The breach notification email
• Account statements showing suspicious activity
• ID documents, if they were exposed
• Any police or fraud reports

Don’t worry if you don’t have everything—start with what you’ve got.

4) Sign a Retainer Agreement – This is your official agreement with the law firm, but it’s usually a very quick DocuSign or in-browser electronic signing procedure that you can do on your phone.

5) Approve Arbitration (if applicable) – If the law firm is filing a mass arbitration claim, they may ask you to sign an authorization form and agree to arbitration rules (usually quick and confidential and likely only to come into play once you’ve spoken with an attorney on the details of your case).

6) Watch for Updates – The firm will keep you posted by Email or text or client portal

7) Claim Your Compensation (Once Available) – If there’s a settlement, you’ll be asked to:

• Fill out a short claims form
• Confirm your contact info and any losses
• Choose how you’d like to get paid (check, PayPal, etc.)

Update on Coinbase’s 2025 data breach lawsuit

As of May 27th 2025, Coinbase has updated their user agreement in the United States to reflect the below (we’ve bolded the important bits). Coinbase wants to limit their exposure to mass arbitration claims, however (and this isn’t legal advice) this may not actually apply to victims in the data breach/hacking incident which occurred prior to this terms and conditions/user agreement being updated.

“…Class, Collective, Representative, and Mass Action Waiver and Jury Trial Waiver. You and Coinbase agree that, except as specified in the Batch Arbitration Provision set forth above, each of us may bring claims against the other only on an individual basis and not on a class, representative, or collective basis or as part of a mass action (such as a mass arbitration), and the parties hereby waive all rights to bring or to participate in such actions in arbitration or in court to the maximum extent permitted by applicable law. This provision does not prevent you or Coinbase from participating in a class-wide settlement of claims. YOU AND WE AGREE TO WAIVE OUR RIGHTS TO A JURY TRIAL. To the extent that any Dispute proceeds in court, and to the maximum extent permitted by applicable law, you and we agree to waive any right to a jury trial and have such matter resolved by a judge (also known as a bench trial).…”

What You Can Do Next: Join the Coinbase Global, Inc. Lawsuit and Claim Compensation Today

Have you received a Coinbase Data-Breach Notice? Brooks Kushman P.C might be able to represent you in this case. Sign up for the Coinbase class action legal action today via this link. If you fill out the form you give consent to be contacted by the attending law firm.

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