Overview
- An anonymous crypto investor based in Puerto Rico filed a federal case in San Francisco claiming Coinbase is holding DAI taken in a 2024 phishing theft.
- The complaint says investigators, including blockchain firm Zero Shadow, traced part of the stolen funds to a Coinbase retail account that the exchange then froze.
- The plaintiff alleges Coinbase refuses to release the frozen assets without a court order despite a sworn statement proving ownership.
- The theft tracks with an August 2024 scam that used a fake DeFi Saver login built with the Inferno Drainer tool to steal about $55 million in DAI.
- Key sums in the public filing remain redacted, and Coinbase has not commented, leaving the court to clarify how exchanges should treat frozen, traceable crypto.