Coinbase has requested that the FDIC provide details in court on how it conducted “due diligence” to ensure no documentation related to the event was destroyed. However, the agency “repeatedly refused to do so,” Grewal said.

On March 4, Coinbase also submitted a FOIA request to the Securities and Exchange Commission (SEC) to find out how many investigations and enforcement actions were brought against crypto firms between April 17, 2021, and Jan. 20, 2025.