Coinbase Faces Lawsuit Over Frozen $55M DAI

The post Coinbase Faces Lawsuit Over Frozen $55M DAI appeared first on Coinpedia Fintech News

A crypto whale called D.B. has taken Coinbase to court after the exchange froze around 55 million dollars in DAI linked to a 2024 phishing attack that emptied the victim’s wallet. The plaintiff says they have proven ownership, but Coinbase has not released the funds, insisting on a court order before doing so. Coinbase states the freeze follows its standard security and compliance process while the dispute is resolved. The case raises key questions about control of disputed crypto assets.