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Coinbase users lost $ 46 million due to fraud in March

According to Zachxbt, a Coinbase user was 34.9 billion dollars against the fraudsters on Thursday, March 27. However, this is not an isolated trend, as Coinbase users lost more than $ 46 million in March.

The fraudsters target the stock market user base with a busy record of success. Coinbase customers should be alert to social engineering attempts

Coinbase duties grow out of control

Although it is one of the largest encryption exchanges in the world, Coinbase was under scrutiny as its users are increasingly victim of fraud. For more than a year, advanced social engineering operations were responsible for the enormous theft.

According to Zachxbt, these fraudsters do not show any signs of stopping:

“The Coinbase user was suspected yesterday for 34.9 million dollars. After the discovery of this theft, I noticed many suspected thefts from Coinbase users in the past two weeks, as the total theft of this month was to $ 46 million. cable.

Zachxbt, which is a prominent encrypted, is constantly tracking fraud against Coinbase users. During the past few months, he identified many major crimes that have relied on social engineering instead of explicit breakthroughs.

For example, last November, criminals who demonstrate as Coinbase supported the theft of more than $ 6.5 million.

This has reached the point where Coinbase is in a crisis of fraud and fraud. Last month, ZachXBT estimated $ 150 million in annual losses, and he now has now promotion This is to $ 300 million.

He did not call any of his theories about the perpetrator or perpetrators. It can be an organized group, multiple independent actors, or other possibilities.

However, the stock exchange response to these events was somewhat disappointing. Zachbt claimed that Coinbase was frankly negative about this huge fraud, and failed to warn users or cooperate with investigators.

In modern social media mailCoinbase was accused of indifference to these accidents:

“I still have to see an accident as Coinbase informed the theft headlines. It is part of the problem, it shows that they do not care about users,” he claimed.

In general, given the increase in the rate of fraud and the amazing amount of lost money, Coinbase users should definitely be careful about social engineering threats.

Disintegration

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