An anonymous whale who lost $55 million sues Coinbase, accusing it of refusing to return stolen funds

Odaily Planet Daily News: An anonymous crypto whale residing in Puerto Rico has sued Coinbase, accusing it of refusing to return their funds stolen in a 2024 hacking incident. This case is highly similar to a theft of over $55 million in DAI that occurred in August 2024. The plaintiff claims that after falling victim to a phishing attack, they hired multiple on-chain investigation firms to trace the flow of funds, which ultimately led to a Coinbase account.

According to the lawsuit documents, Coinbase confirmed in early December 2024 that it had frozen the relevant funds pending investigation, but to date has not returned them, stating that a court order is required to release the assets. (Decrypt)