Coinbase Global Inc. insiders are facing a new derivative lawsuit in Delaware's Court of Chancery, accusing 14 directors and key officers of engaging in approximately $4.2 billion worth of insider trading. The complaint alleges that these fiduciaries profited from their positions while masking significant compliance failures within the company. The lawsuit claims that the defendants neglected their duties by failing to implement and maintain effective anti-money laundering (AML) and "Know Your Customer" (KYC) programs. These alleged breakdowns allowed high-risk customers to operate on the platform without appropriate due diligence, exposing the company to significant regulatory risk. The stockholders are seeking to recover the damages from the alleged insider trading and are pushing for corporate governance reforms, including the right for shareholders to nominate at least five new candidates for the board of directors.