Coinbase users have lost over $150 million to scams, with social engineering tactics leading to substantial financial thefts.

Coinbase, the largest cryptocurrency exchange in the United States, is facing scrutiny after a surge in phishing scams led to millions ... funds to a Coinbase Wallet and whitelist an address ...

Coinbase users lost $300M annually to scams, with $65M lost in last two months, amid the criticism for security failures and account restrictions.

Recent claims by on-chain investigator ZachXBT reveal that Coinbase users have lost over $65 million due to social engineering scams over just the two months spanning December 2024.

ZachXBT advised Coinbase to enhance security by making phone number inputs optional, creating a restricted account type for new users, and improving community education on scam prevention.

Coinbase has been under a lot of fire recently, and now, it has become a subject of interest from ZachXBT, a crypto sleuth famous for getting to the bottom of various scams. In separate updates shared ...

They told the victim to transfer their funds to a Coinbase Wallet and whitelist ... by scammers for fraud. He claimed that most of the time, Coinbase doesn’t even report the scammers ...

Scam Sniffer took to X to warn investors about about the fake Phantom wallet popups. It urged users to never enter their recovery phrase on any website.

Wall Street analysts anticipate the company will report ... wallet activity, reflecting steady demand. Similarly, another analyst, Peter Christiansen from Citi, is also optimistic about Coinbase ...