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COINBASE SUED OVER FROZEN STOLEN CRYPTO
An anonymous crypto whale is suing Coinbase, claiming the exchange refused to return frozen stolen funds tied to a 2024 theft.
The disclosed details closely mirror an August 2024 crypto theft where a whale lost roughly $55M in DAI.
The lawsuit says investigators traced the stolen DAI to a Coinbase retail account.
Coinbase froze the funds, but allegedly refused to release the funds without a court order confirming ownership.