Coinbase Faces Lawsuit Over Frozen Crypto Linked to $55M DAI Phishing Theft
Coinbase is facing a federal lawsuit in California over cryptocurrency that was frozen after it was allegedly linked to a $55 million DAI phishing incident that occurred in August 2024.
The plaintiff is seeking a ruling that he owns the funds and wants the exchange ordered to return them, while Coinbase reportedly says a court decision is needed before it can release the assets.
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