Whale Sues Coinbase Over $55M DAI Freeze: Who Owns Contested Crypto?

Coinbase Faces Lawsuit Over Frozen $55M DAI

As a researcher following this case, I’ve been tracking the legal battle between a crypto investor, known as D.B., and Coinbase. It centers around roughly 55 million dollars in DAI that Coinbase froze after D.B.’s wallet was drained in a phishing attack last year. I understand that D.B. has provided proof of ownership, but Coinbase is refusing to release the funds without a court order. Coinbase maintains this is standard procedure while they investigate the situation. This case really highlights the complex issue of who controls cryptocurrency when there’s a dispute about its ownership.

Read More

2026-05-06 13:23