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According to Decrypt, a Puerto Rican crypto whale filed a lawsuit this week in the U.S. District Court in San Francisco, accusing Coinbase of refusing to release funds that were stolen and recovered in 2024. The case involves a large-scale phishing attack that occurred in August 2024, where the "Inferno Drainer" group stole over $55 million worth of Ethereum stablecoin DAI. The plaintiff claims that the on-chain investigation firm they hired successfully tracked the stolen funds to a Coinbase account, and Coinbase confirmed in December 2024 that it had identified and frozen the funds. However, the plaintiff alleges that, after a year and a half, Coinbase still refuses to return the funds citing the need for a court order. Coinbase has not yet responded to this.