Key Takeaways:
- A victim lost $1.7 million to scammers posing as Coinbase representatives.
- The scam involved convincing the victim to share their seed phrase via a fraudulent website.
- This incident is part of a broader trend, with other Coinbase users reporting similar scams.
A victim lost $1.7 million to scammers posing as Coinbase representatives.
The scam involved a phone call and emails that appeared to be from Coinbase, convincing the victim to share part of their seed phrase.
🚨 Scammers stole $1.7 million from a user posing as employees of Coinbase. https://t.co/OxtYeyZL8L
— GN Crypto (@GNcrypto_news) July 8, 2024
The scammers claimed that the victim’s wallet was “connecting directly with the blockchain,” prompting the victim to enter their seed phrase on a fraudulent website, leading to the theft of $1.7 million.
#Coinbase-posing #scammers have stolen $1.7 million from a user by tricking them into sharing part of their seed phrase, amid a series of similar attacks.
— TOBTC (@_TOBTC) July 8, 2024
Victims reported receiving calls and emails from scammers impersonating Coinbase representatives, convincing them to enter… pic.twitter.com/ODGqQhqI7b
This incident is part of a broader trend, with at least three other Coinbase users and another crypto user reporting similar scams.
Edge & Node co-founder Tegan Kline and Hiro Systems CEO Alex Miller highlighted the increasing sophistication of these attacks.
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