Coinbase users reportedly lost over $46 million to suspected phishing scams in March as the rising crypto market attracted cybercriminals. The scams included tactics such as address poisoning and tricking victims into sending Bitcoin to fraudulent wallet addresses. Blockchain investigator ZachXBT highlighted that several wallets linked to Coinbase showed signs of tampering, with a significant theft amounting to nearly $35 million from one wallet alone. Coinbase has acknowledged the investigation into these claims and reiterated that it will never ask users for sensitive information like login credentials or two-factor authentication codes. Users are advised to adopt security measures such as enabling two-factor authentication and utilizing the Coinbase Vault to protect their assets. This incident adds to previous reports indicating that over $65 million might have been stolen from Coinbase users due to phishing schemes in recent months. Scammers continue to impersonate legitimate entities, creating a false sense of security for victims, and the crypto industry remains vulnerable to various hacking and scam tactics.

Source 🔗