Warning: Increase in Fraud Cases Related to Cryptocurrency Wallets
Recently, there has been an increase in cases of fraud related to cryptocurrency wallets, where criminals impersonate Coinbase customer support to steal users’ seed phrases. These fraudulent schemes have led to significant losses, with one victim recently losing around $1.7 million.
Tragic Incident: Victim Loses $1.7 Million to Scammers
On July 8, co-founder of Edge & Node company, Teagan Klein, reported a tragic incident involving a wallet of a close friend. Scammers impersonated Coinbase security personnel, deceiving the victim about an unauthorized access to their wallet and stealing their seed phrase, resulting in a loss of approximately $1.7 million.
CEO Advice: Beware of Fake Websites and Phishing Attempts
Alex Miller, CEO of Hiro Systems company, warned users not to enter any information on websites that raise doubts. Scammers can intercept data as it is entered and use it to steal funds. He emphasized the importance of cybersecurity measures to avoid falling victim to fraudulent schemes.
Impersonation Cases: Scammers Targeting Coinbase Users
Various users shared their experiences with scammers posing as exchange representatives and attempting to deceive them into disclosing sensitive information. The number of fraudulent schemes and phishing attacks targeting Coinbase users has been on the rise, highlighting the need for increased vigilance.
Hacker Alert: Binance and Coinbase User Data for Sale on the Darknet
In February, a hacker claimed to have breached the Kodex Global platform and put up for sale access to user data of Binance and Coinbase on the darknet. This incident underscores the importance of securing personal information and staying informed about potential security threats.
