Lawsuit against Coinbase over frozen DAI from $55M DeFi Saver phishing hack

Dem don file case against Coinbase for California federal court over DAI we dem freeze we dem tok say dem thief comot for Aug 2024 using DeFi Saver phishing attack. Di person we bring case say di hacker wash di proceeds through Tornado Cash, den put di traceable stolen funds for one Coinbase retail user account we still dey freeze. Di plaintiff dey beg court make e declare am di rightful owner and order Coinbase make dem return di identifiable DAI. Key timeline inside di complaint: Zero Shadow tell Coinbase on Nov 30, 2024 say di stolen funds reach one Coinbase address. Coinbase confirm on Dec 2 say di address belong to retail user and dem apply “friction measures” to stop di money make e no scatter while dem dey investigate. Di filing say Coinbase later act “unreasonable” because dem no release di DAI even after sworn proof of ownership dem give. Di hack wey cause am na phishing campaign we con make di victim login to malicious DeFi Saver, and attackers reportedly use Inferno Drainer “scam‑as‑a‑service” tooling. Di tracing wey dem mention for di case connect di laundering route to investigators work wey get link to one Ukrainian citizen. For crypto traders, dis Coinbase lawsuit na reminder say recovery get one kain wahala wey dey repeat: exchanges fit quickly freeze suspected stolen assets, but to release DAI often you need court order. E no likely say this one go change market prices generally, but e fit keep people dey look exchanges custody and how dem dey freeze or handle disputes, especially for victims wey dey watch on‑chain evidence.