# A California federal court is weighing a civil claim that challenges Coinbase Global’s handling of frozen digital assets tied to a $55 million DAI phishing theft in August 2024.

*fintech · news · 2026-05-06 · Crypto Breaking News*

## Key points

- The suit seeks to establish a judicial precedent for court-ordered release of stolen crypto assets from exchanges.
- The theft exploited DeFi Saver via phishing and utilized Inferno Drainer, a scam-as-a-service tool.
- Forensic firms traced the laundered DAI to a Coinbase retail account linked to a Ukrainian national.
- Coinbase froze the traced funds but stated a court order is necessary for their release to claimants.
- This case could influence how exchanges globally handle custody, asset freezes, and cross-border asset recovery.

**Companies:** Coinbase Global
**Countries:** United States, Puerto Rico, Ukraine

[Read the full story on Crypto Breaking News](https://www.cryptobreaking.com/coinbase-sued-over-frozen-crypto/)

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