Coinbase is facing a lawsuit from an anonymous crypto whale who claims the exchange refused to return stolen digital assets that were frozen following a 2024 hack.
According to the case details, the incident closely mirrors a prior theft in which approximately $55 million in DAI was lost. Investigators reportedly traced the stolen funds to a retail account on the platform.
Although Coinbase froze the assets upon identification, the lawsuit alleges that the company declined to release the funds without a court order verifying ownership, raising questions about its policies regarding disputed assets.
The case highlights growing legal complexities in the crypto sector, particularly around investor protection and the recovery of stolen funds.