In brief
- An anonymous crypto whale sued Coinbase, alleging the platform refused to return their stolen funds.
- The stolen funds in question appear to trace to a $55 million DAI phishing attack in 2024.
- The victim says sleuths linked the stolen assets to Coinbase, which allegedly won’t release them without a court order.
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…
