In the past week, criminals have stolen $45 million from users of the Coinbase platform using social engineering methods. This information was reported by on-chain investigator ZachXBT.
- According to data provided by ZachXBT, since the beginning of the current year, victims of fraud on Coinbase have lost over $300 million. The expert noted that no other major cryptocurrency exchange demonstrates similar vulnerabilities.
- Attacks are carried out by impersonating support staff. Victims are coerced into providing access to their accounts or transferring funds to external wallets.
- Philippe Martin, the head of security at Coinbase, proposed creating a unified registry for tracking fraud. He believes this would simplify threat analysis and enhance user protection.
In March of this year, users reported phishing emails in which criminals, posing as Coinbase representatives, offered to transfer assets to new wallets using pre-generated seed phrases.
