Coinbase is being sued for freezing funds related to the theft of 55 million dollars in DAI

According to Cointelegraph, Coinbase has been sued in a federal court in California, with the case involving frozen funds related to a $55 million DAI phishing theft.

The plaintiffs claim that a portion of the traceable stolen funds flowed into Coinbase retail user accounts after being mixed through Tornado Cash and are currently still frozen; Coinbase stated that the assets can only be released after a court ruling on ownership.

The lawsuit also states that the theft is related to the malicious wallet theft platform Inferno Drainer, and the victims had commissioned Zero Shadow and Five Stones Intelligence to track the flow of funds.