Coinbase users lost $46 million due to social engineering scams in March ....

A $34.9 million scam raises the total thefts of Coinbase users this month to over $46 million, driven by social engineering tactics.

ZachXBT, a cryptocurrency investigator, claims that Coinbase is not doing enough to prevent or warn users about these ongoing scams.

The exchange is facing a growing fraud crisis, with losses potentially reaching $300 million annually as social engineering continues to target users.