Crypto whale D.B. filed a lawsuit against Coinbase after the exchange froze approximately $55 million in DAI linked to a 2024 phishing attack that emptied D.B.'s wallet. The plaintiff seeks restitution on multiple counts including unjust enrichment, claiming to have proven ownership of the funds. Coinbase insists on obtaining a court order before releasing the frozen assets despite D.B.'s ownership claims.
Frozen DAI funds
- ▪Coinbase has not released the frozen DAI funds despite the plaintiff proving ownership
- ▪Coinbase froze around $55 million in DAI linked to a 2024 phishing attack
2024 phishing attack
- ▪The frozen $55 million in DAI is linked to a 2024 phishing attack
- ▪A 2024 phishing attack emptied the victim's wallet
Plaintiff ownership claims
- ▪D.B. has taken Coinbase to court over the frozen DAI funds
- ▪The plaintiff D.B. has proven ownership of the frozen DAI funds
- ▪Coinbase insists on a court order before releasing the frozen DAI funds
Perspective of Plaintiff D.B.
- ▪D.B. claims Coinbase is withholding the frozen DAI funds despite D.B. proving ownership
- ▪D.B. filed a lawsuit against Coinbase seeking restitution on multiple counts including unjust enrichment
Perspective of Coinbase
- ▪Coinbase insists on a court order before releasing the frozen DAI funds
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