A crypto whale called D.B. has taken Coinbase to court after the exchange froze around 55 million dollars in DAI linked to a 2024 phishing attack that emptied the victim’s wallet. The plaintiff says they have proven ownership, but Coinbase has not released the funds, insisting on a court order before doing so. Coinbase states the freeze follows its standard security and compliance process while the dispute is resolved. The case raises key questions about control of disputed crypto assets.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
South Korea has seen cryptocurrency trading activity fall to around one-tenth of stock market levels…
Ripple has filed new trademarks covering prime brokerage, securities lending, and clearing services, signaling a…
Popular Crypto Investor & Bankless Co-founder David Hoffman revealed that he sold his Ethereum holdings,…
The crypto industry is turning its attention to June, a month many see as crucial…
The Terra Classic price is showing renewed strength as improving market sentiment and a sharp…
BlackRock saw a massive $1.29 billion dark pool transaction tied to its IBIT Bitcoin ETF,…
