“Over the last seven days, fraudsters have abducted $ 45 million from COINBASE customers using social engineering methods. This was reported by Zachxbt Onchin. “In a few months, I have documented hundreds of millions of dollars. No other large cryptocurrency has such vulnerability, ”he said. According to him, it is a systemic problem: since the beginning of the year, COINBASS users have lost more than $ 300 million as a result of similar schemes. 1/ Over The Past FEW […]”, – WRITE: Businessua.com.ua
Over the last seven days, fraudsters have abducted $ 45 million from COINBASE customers using social engineering methods. This was reported by Zachxbt Onchin.
“By For several months, I have documented hundreds of millions of dollars. No other large cryptocurrency has such vulnerability, ”he said.
According to him, it is a systemic problem: since the beginning of the year, COINBASS users have lost more than $ 300 million as a result of similar schemes.
1/ Over The Past Few MONTS I IMAGINE YOU HAVE SEEN Many Coinbase Users Complain on X About their Accounts Suddenly Being Restricted.
This is the Result of Aggressive Risk Models and Coinbase’s Failure to Stop ITS USERS LOSING $ 300M+ per Year to Social Engineering Scams. pic.twitter.com/pjtx7vjqc
– zachxbt (@zachxbt) February 3, 2025
A typical attack implies that the attackers are in support of support staff, forcing the victims to transfer control over accounts or transfer funds on external wallets.
Coinbase Security Head Philip Martin called for the creation of a Unified National Register of Fraud, which would better analyze threats and coordinate protection measures:
“This will help mobilize the resources of the entire federal government to eliminate the main causes of the problem,” he said.
Recall that in March, Coinbase users reported a mass physhing campaign: fraudsters on behalf of the Exchange sent letters with a proposal to transfer assets to “new” wallets, using pre-generated Sid-Phrase.
The gun
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