The brief source says a large crypto holder has sued Coinbase, alleging the exchange did not return DAI (a U.S. dollar-pegged stablecoin) that was reportedly stolen.
A lawsuit has reportedly been filed against Coinbase involving DAI (a U.S. dollar-pegged stablecoin). According to the source, a crypto whale (an investor holding a very large amount of digital assets) claims Coinbase refused to return stolen funds. The source does not provide the amount of DAI involved, the date of the alleged theft, the court venue, or Coinbase’s response. The case centers on custody and recovery expectations at a centralized exchange, where disputes can arise when stolen crypto is moved through platform-controlled accounts.