Puerto Rico-Based Crypto Whale Sues Coinbase Over Funds Frozen After 2024 Hack

A Puerto Rico-based crypto whale has sued Coinbase over DAI allegedly stolen in a 2024 phishing attack linked to more than $55 million in losses. According to the complaint, the stolen assets were traced to a Coinbase account, and Coinbase confirmed in early December 2024 that it had frozen them pending investigation. The plaintiff alleges Coinbase has not returned the funds, while the complaint says the exchange requires a court order before releasing them. Earlier reporting tied the theft to Inferno Drainer and a fake DeFi Saver login page identified by blockchain investigator ZachXBT. The case highlights disputes over what a centralized exchange can or must do when allegedly stolen crypto reaches platform-controlled accounts.

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