Scammers stole $45 million from Coinbase clients in a week

In the week from May 1 to May 7, 2025, customers of the cryptocurrency exchange Coinbase lost over $45 million due to social engineering schemes, according to blockchain detective ZachXBT. The attackers posed as customer support, sending phishing emails and fake messages to gain access to accounts. According to ZachXBT, the total annual losses of Coinbase users from similar scams could exceed $330 million. He also disclosed 10 wallet addresses of the scammers, eight of which are Bitcoin addresses. Experts note that no other major exchange faces similar large-scale issues. Users are advised not to share personal data and to verify the sources of messages. Coinbase has not yet commented on the situation, but the incidents undermine trust in centralized platforms. Stay updated on cryptocurrency market news, subscribe to #MiningUpdates

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