Coinbase Users Lose $65M in 2 Months to Scams, ZachXBT Reveals
The encrypted researcher Zachxbt reported that in the past two months, Coinbase users have lost more than $ 65 million in social engineering attacks. It is estimated that due to this attack, it has lost 300 million US dollars per year. Zachxbt pointed out that the actual loss may be higher, because the number did not explain the situation that was not reported. Zachxbt explained that scammers use the stolen personal data to send false emails pretending to pretend to be from coinbase, including deceiving users to transfer funds to fake case IDs controlled by the scammers. Zachxbt shared in a viral post. Coinbase employees told users that users stop using VPNs to avoid being marked, while scammers prevent VPN on the website. He criticized Coinbase failed to determine the real problem.
