$USDC

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

📌 ZachXBT confirmed that he has reported similar scams on the platform in recent months as well, due to what is known as "social engineering scam"

📌 The social engineering scam refers to scammers impersonating cryptocurrency exchange platforms or their technical employees in an attempt to steal users' money and sensitive data

📌 The total annual losses of "Coinbase" due to social engineering scams amounts to 330 million dollars

📌 In July 2024, reports showed that several users of the Coinbase platform were targeted by scammers posing as support employees of the platform, managing to steal 1.7 million dollars from one of the users