According to the Coinbase 110 CBTC user, at $ 11.5 million. The loss occurred after the user fell victim to the social engineering fraud on the base, the ethereum layer-2 is supported by exchange.
On January 31, Blockchain Zachxbt investigator revealed exploitation, linking it to a wider style of fraud that affects Coinbase users.
Zachxbt is $ 150 million stolen dollars in Coinbase’s fraud crisis
According to ZachXBT, stolen CBTC products – Bitcoin product caught from Coinbase – were washed through multiple immediate exchanges. The attacker replaced, damaged, and transferred money through various platforms before combining them with other stolen assets on Ethereum. These procedures make healing almost impossible.
The investigator indicated that this incident is part of the increasing direction, as multiple Coinbase users suffer from similar losses. It is estimated that this type of fraud has drained at least $ 150 million of Coinbase customers.
“Coinbase has a problem with serious fraud. I have just discovered many modern thefts from Coinbase users. The amount of $ 150 million theater of Coinbase users per year is only one of the thefts that I confirmed independent I mentioned.
Coinbase has not yet commented on the latest exploitation. However, fraud that involves fraudulents has increasingly supported the common currency base.
These attackers use emails for hunting, deceptive calls, and other deceptive tactics to deceive the victims to detect special keys or login approved data. Once you reach the arrival, they drain the governor, transfer money, and control the accounts.
Last December, Coinbase’s commercial seller lost $ 15.9 million with no intervention from the Exchange Anti-Money Money (AML). Before that, the Antichrist stole $ 6.5 million in October 2024 using the hunting scheme with pretending to be part of the Coinbase support team.
“I receive expatriates every week from Coinbase users who fall into the targeted social engineering fraud that leads to millions of dollars of losses every month. The mysterious to avoid any responsibility even when it is the right thing to do, “Zachxbt books On x (previously Twitter).
These incidents highlight the increasing security concerns of Coinbase users. As the largest encryption exchange in the United States, the company faces increasing pressure to improve the discovery of fraud and protect its customers from advanced Internet threats.
If these fraud continues without deterrence, they can eat confidence in the central stock exchanges and highlight the urgent need to improve safety protocols.
Disintegration
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