Coinbase Users Are Being Drained of Millions – Is Your Crypto Safe? 💸🔐
A bombshell report from blockchain investigator ZachXBT reveals that Coinbase users are being targeted in a massive, ongoing scam wave, losing over $330 million annually to social engineering attacks 😱. These schemes—where scammers impersonate support staff, send phishing links, or bait victims—recently claimed $91 million in just two weeks. Shockingly, only Coinbase users seem to be affected, with analysts blaming slow customer support, security bugs, and poor user protections. Despite Coinbase’s achievements like battling the SEC and launching its Layer-2 network, its users remain alarmingly vulnerable. ZachXBT urges urgent reforms like removing mandatory phone numbers, offering safer accounts for seniors and beginners, and boosting user education and security tools.