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Ari Paul, founder of BlockTower Capital, stated in an article on X platform that Coinbase has covered up billions of dollars in losses from past hacker attacks and has not returned customer funds. Ari Paul stated that Coinbase lost approximately $25 million in BlockTower funds, and investigations have shown that this behavior was intended to cover up recurring large-scale hacker attacks. Ari Paul stated that tracking has found at least 12 companies affected, with a total concealed loss exceeding $1 billion, and multiple legal cases are currently underway.