$USDC ‏📌 Users of the cryptocurrency platform "Coinbase" fell victim to scams that cost them 45 million dollars just last week, according to security investigator and analyst ZachXBT.

📌 ZachXBT confirmed that he reported similar scams on the platform over the past few months, due to what is called "social engineering fraud."

📌 Social engineering fraud refers to scammers who impersonate cryptocurrency trading platforms or their technical staff in an attempt to steal users' funds and sensitive data.

📌 The total annual losses for "Coinbase" due to social engineering fraud amount to 330 million dollars.

📌 In July 2024, reports showed that several users of the Coinbase platform were targeted by scammers impersonating support staff from the platform, managing to steal 1.7 million dollars from one user.

‎💟💬 Follow me to get all the latest updates🌸🌺💜❤️💛👍