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An Iranian national is suing Coinbase in Ireland's High Court over the alleged seizure of $2.8 million in Bitcoin and Ethereum assets.
An Iranian national living in Spain has initiated legal proceedings against Coinbase Europe in Ireland’s Commercial Court regarding the alleged seizure of roughly $2.8 million in cryptocurrency assets [1]. Ali Asghar Afrouz, 74, claims the platform wrongfully froze Bitcoin and Ethereum valued at $2.83 million and failed to provide a clear opportunity to resolve the issue [1][2].
Key takeaways
According to court filings, Afrouz relocated to Spain in 2022 and subsequently sold a beachfront property in Iran for approximately $3 million [1][2]. He stated that sanctions against Iran’s banking system necessitated the use of intermediaries to convert the proceeds into cryptocurrency to access his money in Spain [1][2]. Afrouz opened a Coinbase account in July 2025 and transferred the digital assets from a personal wallet to the platform [1][2]. Following the transfer, Coinbase requested additional verification due to recent account activity but, according to Afrouz, did not clearly specify what information was required [1][2]. He claims the company then locked the account without providing a meaningful chance to address the issue [1][2].
The plaintiff alleges that Coinbase adopted "wholly contradictory and irreconcilable positions" regarding the status of his funds [2]. In September, the company reportedly notified him of the permanent deletion of his account, yet in October, the support team claimed it was
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 3, 2026 · How we report