Recently, several Coinbase users have fallen victim to scams by individuals impersonating exchange employees, resulting in significant losses.
One particularly concerning case involves a victim who disclosed part of their seed phrase after receiving a phone call and email from a fraudster pretending to be a member of the Coinbase security team.
Read more:
Co-founder of Samourai Wallet Granted Bail
After being convinced that their wallet had been compromised and transactions were inevitable, the victim entered part of their seed phrase on a fake website, only to later discover a staggering loss of $1.7 million from their wallet.
CEO Alex Miller emphasizes the dangers of entering any part of one’s profile on unauthorized websites, highlighting that even partial disclosures can lead to complete compromise by malicious actors.
