Coinbase sued over $55M in frozen DAI linked to hack

Coinbase is facing a lawsuit demanding the return of frozen assets related to a $55 million DAI theft, Cointelegraph reported. According to a complaint filed in a San Francisco federal court, a hacker allegedly laundered the stolen funds through Tornado Cash before depositing a portion into a Coinbase account. The funds are currently frozen by the exchange. The plaintiff, who claims to be the rightful owner of the assets, has sued Coinbase for their return. The lawsuit also names an unidentified individual, presumed to be the hacker, as a defendant. Coinbase has acknowledged it holds the funds and stated that a court order is required to release them.