Coinbase’s public response to the investor offered a path to investigate his claim, with the exchange saying it had contacted him by DM.

BlockTower Capital founder Ari Paul has alleged that Coinbase “lost” $25 million belonging to his firm several years ago and later covered up a series of hacks that affected other companies.

The claim, posted on September 29, puts a much larger alleged loss at the center of an unresolved dispute that Paul says remains tied to multiple legal proceedings.

Ari Paul Alleges Wider Coinbase Losses

Paul wrote that his firm’s $25 million loss was initially described as Coinbase having “lost” the funds, but his subsequent investigation…