THE BLOCK: BlockTower founder Ari Paul alleges that Coinbase "lost" $25 million of the firm's funds a few years ago and "still wouldn't return our money." He claims the episode was tied to repeated, covered-up hacks affecting at least a dozen other firms and that total over $1 billion. Paul says he couldn't disclose more details as legal processes are ongoing. Coinbase Support has replied on X that it had sent him a DM to look into the matter.