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Brazilian Court Orders Coinbase to Return $100,000 to Self-Custody Wallet User

Enforcement Actions Security Incidents

2026-07-12 07:37:43

COIN0.39%

According to ChainCatcher, a court in São Paulo, Brazil ordered Coinbase to return approximately $100,000 to a user whose funds disappeared from a self-custodial wallet in unauthorized transactions. Coinbase argued the wallet's private keys were fully controlled by the user, but failed to prove the transaction was initiated by the wallet holder or demonstrate security measures to prevent the outcome. The court ruled in favor of the user under Brazil's Consumer Protection Law, requiring Coinbase to return the full amount plus statutory interest.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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