According to CoinMeta, BlockTower Capital founder Ari Paul stated on the X platform that Coinbase had covered up losses from a hacker attack amounting to hundreds of millions of dollars and did not return the funds to customers. Paul pointed out that Coinbase "lost" approximately 25 million US dollars several years ago. Subsequent investigations revealed that at least 12 companies were affected, with the total amount of losses covered up exceeding 1 billion US dollars. Currently, there are multiple legal cases underway, so it is not possible to disclose more details.