Crypto whale sues Coinbase for allegedly refusing to return stolen DAI
The Block
An anonymous investor is suing Coinbase to recover stolen DAI funds that the exchange froze but refused to release without a court order.Summary
An anonymous crypto investor, identified as "D.B.," has filed a lawsuit against Coinbase after the exchange allegedly refused to return stolen DAI tokens. The plaintiff lost approximately $55 million in a phishing scam involving the "Inferno Drainer" platform in August 2024. While Coinbase successfully froze the stolen assets after being notified by the victim, the exchange declined to return the funds without a court order determining legal ownership. The plaintiff argues that providing sworn proof of ownership should be sufficient and is now seeking a judicial mandate to compel Coinbase to release the traceable assets.
(Source：The Block)