Recently, several Coinbase users have fallen victim to scams by individuals impersonating exchange employees, resulting in significant financial losses.
One particularly alarming case involved a victim who, after receiving phone calls and emails from scammers posing as Coinbase security team members, disclosed some of his mnemonic phrases.
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Believing that his wallet had been compromised and that a transaction was imminent, the victim entered some of his mnemonic phrases into a fake website, only to later discover a shocking loss of $17,000 from his wallet.
CEO Alex Miller emphasized the danger of entering any part of your personal information on unauthorized websites, highlighting that even partial disclosure can lead to comprehensive harm by malicious actors.
