Cybersecurity

Coinbase sued for witholding frozen crypto linked to $55M hack

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A Puerto Rican man has filed a lawsuit against Coinbase, claiming the exchange wrongfully withheld cryptocurrency stolen in an August 2024 hack worth $55 million. The plaintiff argues that despite providing proof of ownership, Coinbase refuses to return the funds without a court order, highlighting issues around user verification and asset recovery in crypto exchanges.

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Coinbase sued for witholding frozen crypto linked to $55M hack

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