One particular Coinbase user and proponent of the meme-based crypto Dogecoin (DOGE) has recently filed a $5 million lawsuit against the exchange for purportedly misleading him and his fellow DOGE owners regarding Coinbase’s “Trade Doge, Win Doge” sweepstakes. The lawsuit alleges that the exchange and the marketing company it employed violated California’s laws regarding deceptive advertising and unfair competition, thus the desired $5 million compensation.
According to the legal document issued by the plaintiff, David Suski, he and the others are deceived by Coinbase to pay up $100 worth of DOGE to participate in the $1.2 million sweepstakes program when they could actually take part for free. Suski stresses that he wouldn’t have paid the aforementioned amount of DOGE if Coinbase had only clarified that there was a way to enter the contest for free, particularly by mailing a 3×5 index card with the participant’s details.
Suski states that Coinbase’s marketing of the DOGE sweepstakes used vague and misleading tactics to specifically disguise the free-entry alternative – primarily pointing out the ad design incorporated by the exchange to promote the contest where the link leading to the sweepstake rules are noticeably small.
Notably, Coinbase’s DOGE contest promised a grand prize of $300,000 alongside several smaller rewards. Winners for the particular contest were already drawn last June 17.