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Crypto Whale Sues Coinbase Alleging Exchange Refuses to Return Stolen Funds
Yahoo Finance· 2026-05-06 00:59
An anonymous crypto whale based in Puerto Rico sued Coinbase this week, accusing the crypto exchange of failing to release funds stolen from the user in a 2024 hack. Though key details in the lawsuit are redacted, information in the filing regarding the hack closely resembles a massive exploit in August 2024 that saw a single crypto user lose over $55 million worth of an Ethereum stablecoin, DAI, after falling for a phishing scam. The lawsuit, filed Monday in a federal court in San Francisco, claims that af ...