⚠️Fake Support #scamriskwarning Costs Investor $100K
An American investor lost approximately $100,000 in cryptocurrencies after falling victim to a phishing scam when he attempted to contact Coinbase support through a phone number found via a Google ad.
The scammer, posing as a Coinbase representative, convinced the investor, Fred (a fictitious name), to share his Coinbase and bank account passwords under the pretense of needing to update his account.
Fred only realized he had been scammed when his bank contacted him about suspicious activity on his account.