Coinbase users could lose as much as $ 46 million to suspicious phishing fraud in the last two weeks, because rising cryptocurrency prices still attract bad actors to the industry.
Fraud, such as poisoning addresses and falsification of wallets, include the fraud of victims in sending assets to false portfolio addresses, which are very similar to justified.
According to the researcher Blockchain Zachxbt, many wallets associated with Coinbase were directed this month. The screenshot from Blockchain Explorer Blockchair shows the suspicion of theft of 400 Bitcoins (BTC) from a single portfolio address.
“It is suspected that the Coinbase user was cheated yesterday for USD 34.9 million (400.099 BTC),” wrote investigators in a telegram on March 28 post. “After discovering this theft, I noticed many other suspicious thefts from Coinbase users in the last two weeks, bringing total theft of $ 46 million this month,” he added.
Suspected of 400 btc phishing victim. Source: Blockchair
“We know about Zachxtb claims and we are investigating,” said Cointelegraph Jaclyn Sales, communication director at Coinbase, adding:
“Coinbase will never call or ask for logging in, API key or two -component authentication codes. We will never ask you to transfer funds.”
“If someone contacts you, claiming that they come from Coinbase and ask for this information or ask to transfer assets, do not do it. This is a fraud,” she said.
Related: Service concerns sluggish acceptance of cryptographic payments around the world – survey
Fraudsters are still impersonating the best brands
Fraudsters often impersonate enormous global brands to create a false sense of trust with victims.
American brands are often considered fraudsters. Source: Mailsuite
In the cryptographic industry, Coinbase was the most lined brand of fraudsters, but the finish line was the target of more than 25 times more cheaters than the exchange of cryptocurrencies, said CointeLgraph in June 2024.
Coinbase is the third largest centralized cryptocurrency exchange (CEX), with over $ 1.6 billion of daily cryptographic trade, According to to Coinmarketcap.
To protect themselves, Coinbase users should exploit a dedicated e-mail account, including two-component authentication, configuring the address, allow the address and exploit Vault Coinbase to obtain additional security. post.
Related: Sophisticated Crypto address Poisoning fraud drainage 1.2 million USD in March
History of phishing losses in Coinbase
Over 65 million dollars could have been stolen from Coinbase between December 2024 to January 2025 in “High Trust Creeper”, said Zachxbt in February 3, XX post. He added:
“Our number is probably much lower than the actual amount stolen, because our data was limited to my DM and thefts, which we discovered in a chain that does not include Coinbase support tickets and police reports, to which we do not have access.”
Source: Zachxbt
Fraud sculptures are another type of phishing scheme covering long -term and convoluted manipulation tactics to cheat investors, so that they willingly send their assets to false cryptographic addresses.
According to Cystrans, the pig in the Ethereum network cost the industry over $ 5.5 billion in $ 200,000 identified cases in 2024.
https://www.youtube.com/watch?v=NSZ0CYHCIFO
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