An anonymous crypto whale based in Puerto Rico sued Coinbase this week, accusing the crypto exchange of failing to release funds stolen from the user in a 2024 hack.

Though key details in the lawsuit are redacted, information in the filing regarding the hack closely resembles a massive exploit in August 2024 that saw a single crypto user lose over $55 million worth of an Ethereum stablecoin, DAI, after falling for a phishing scam.

The lawsuit, filed Monday in a federal court in San Francisco, claims that after the hack, the whale hired multiple on-chain investigation firms to track the crypto down. Ultimately, the suit alleges, the sleuths traced the stolen funds back to a Coinbase account, and by early December of 2024,…