It is claimed that one of the users of the Cubel currency trading platform listed on the NASDAC Stock Exchange has been claimed that it had fallen victim to the fraud that cost them a total of 400.099 Bitcoin (BTC)-about 33 dollars $ 6 million at the time of writing.
According to the famous security researcher ZachbtThis accident is part of a larger pattern of thefts targeting Coinbase users in recent weeks. The researcher set multiple thefts this month, including 60.164 BTC on March 26, 46.147 BTC on March 25, and 20.028 BTC on March 16.
The stolen money followed a similar pattern for laundering, moving from Bitcoin to Ethereum using Thorchain and Chainflip before converting it into a coin backed by cryptocurrency.
The researcher also says that Coinbase did not know the addresses of the wallet related to its compliance tools. They are previously I mentioned On the theft of $ 65 million from Coinbase users between December 2024 and January 2025, indicating that the company may face an annual problem in the process of fraud in social engineering worth $ 300 million.
Crowd fraud is approaching 10 billion dollars last year
According to the latest series a report On cryptocurrency fraud, data on the chain shows that it receives about $ 9.9 billion based on the specific illegal titles. It is estimated that up to $ 12 billion can already flow to fraud.
The revenues resulting from the swine slaughter fraud, a form of romantic or investment fraud, have witnessed significant growth on an annual basis of about 40 %. At the same time, the number of deposits made for these fraud increased by approximately 210 %. Crypto Drainers, another type of fraud, has witnessed significant growth, with revenues increased by about 170 % on an annual basis and remarkable growth of 75 % in the number of deposits.
As Cryptomode, BYBIT, saw the exchange of cryptocurrencies, that infiltrators steal more than $ 1.4 billion of assets, making it the largest theft of encryption this year and in history. It turned out that the manipulation of multiple neglect was done through the famous safe wallet platform. All this links to the North Korean hacker group, Lazaros.
Currently, the specific social engineering fraud that is used to target Coinbase users remains unlimited.
Related: Hyperlequid spoils the gel after the manipulation explosion under $ 13 million
