{"id":125198,"date":"2025-03-17T02:15:54","date_gmt":"2025-03-17T02:15:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125198"},"modified":"2025-03-17T02:15:54","modified_gmt":"2025-03-17T02:15:54","slug":"crypto-users-report-new-scam-emails-spoofing-coinbase-gemini","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125198","title":{"rendered":"Crypto users report new scam emails spoofing Coinbase, Gemini"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto users have reported a rise in scam emails made to look like they\u2019re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers.<br \/>\nIn several examples posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.<br \/>\nSource: Steve KaczynskiHowever, it also provides pre-generated recovery phrases. Once users open a new wallet with those phrases and transfer funds, all the assets will be available to the threat actor, who could drain the wallet.<br \/>\nThe email mentions a class-action lawsuit against Coinbase alleging it has sold unregistered securities, which has resulted in a court mandating users manage their own wallets.<br \/>\n\u201cCoinbase will operate as a registered broker, allowing purchases, but all assets must move to Coinbase Wallet,\u201d the phony email says.<br \/>\nThe US Securities and Exchange Commission dismissed its lawsuit alleging Coinbase was an unregistered broker and selling unregistered securities on Feb. 27.<br \/>\nCoinbase told Cointelegraph it is aware of the scam and pointed to its March 14 post to X, saying, \u201cWe will never send you a recovery phrase, and you should never enter a recovery phrase given to you by someone else.\u201d\u00a0<br \/>\nSource: Coinbase Support\u00a0Crypto exchange Gemini has also been spoofed with the same recovery phrase email scam, using the same tactics and claiming users need to set up a new wallet because of a recent court decision.<br \/>\nGemini was being sued by the SEC for allegedly offering unregistered securities through its earn program. The regulator opted to end the legal action on Feb. 26.<br \/>\nSource: Sukesh TedlaGemini didn\u2019t immediately respond to Cointelegraph\u2019s request for comment.\u00a0<br \/>\nBlockchain security firm CertiK\u2019s annual Web3 security report flagged crypto phishing attacks, which cost users $1 billion across 296 incidents, as the most significant security threat for 2024.<br \/>\nRelated: California financial regulator warns of 7 new types of crypto, AI scams<br \/>\nThe email scams come as at least three crypto founders have reported foiling an attempt from alleged North Korean hackers to steal sensitive data through fake Zoom calls.<br \/>\nScammers have been targeting crypto founders by offering a meeting to discuss a partnership opportunity, but once the call starts, they send a message feigning audio issues and a link to a new call that installs malware.\u00a0<br \/>\nMagazine: Lazarus Group\u2019s favorite exploit revealed \u2014 Crypto hacks analysis<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-gemini-wallet-phishing-scam-targeting-crypto-users?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto users have reported a rise in scam emails made to look like they\u2019re from crypto exchanges Coinbase and Gemini that attempt to get users to set up&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125198"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125198"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125198\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125198"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}