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- A Coinbase user is suing the exchange to recover 90% of his life savings that he says was stolen from him, lawsuit claims.
- The user said Coinbase won't reimburse him and it sees the breach as his problem.
- But the exchange ignored several red flags for fraud, he alleges in his claim for triple damages.
A Coinbase customer said he lost $96,000 in a phone hack — and now he's suing the US's largest cryptocurrency exchange after being told the breach was his problem.
In his lawsuit filed Monday, New York resident Jared Ferguson said 90% of his life savings were wiped out on the platform in a security breach via his phone.