Whale sues Coinbase for refusing to return $55 million in stolen DAI

Techub News, according to crypto.news, an anonymous investor "D.B." filed a lawsuit in federal court on Monday, accusing Coinbase of freezing 55 million DAI stolen in August 2024 and refusing to return the funds after the plaintiff provided proof of ownership. According to reports, the attacker used the Inferno Drainer phishing tool to steal funds through a fake DeFi Saver login page. Blockchain security firm Zero Shadow traced some of the funds to a Coinbase account. The plaintiff claimed to have provided a sworn proof of ownership, but the exchange still requires a court order before releasing the assets.