{"id":128787,"date":"2025-05-07T20:15:54","date_gmt":"2025-05-07T20:15:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128787"},"modified":"2025-05-07T20:15:54","modified_gmt":"2025-05-07T20:15:54","slug":"45-million-stolen-from-coinbase-users-in-the-last-week-zackxbt","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128787","title":{"rendered":"$45 million stolen from Coinbase users in the last week \u2014 ZackXBT"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsOnchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.<br \/>\nAccording to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZackXBT said is a problem unique among crypto exchanges:<br \/>\n&#8220;Over the past few months, I have reported on nine figures stolen from Coinbase users via similar social engineering scams. Interestingly, no other major exchange has the same problem.&#8221;<br \/>\nCointelegraph reached out to Coinbase but was unable to get a response by the time of publication.<br \/>\nSource: ZachXBTThe claims made by ZackXBT place the total amount lost by Coinbase users to social engineering scams at $330 million annually and reflect the growing number of sophisticated attack strategies employed by threat actors to defraud crypto holders.<br \/>\nRelated: $330M Bitcoin social engineering theft victim is elderly US citizen<br \/>\nFBI issues warnings on social engineering scams targeting crypto users<br \/>\nIn July 2024, reports emerged that several Coinbase users were targeted by scammers posing as the exchange&#8217;s support staff. The scammers managed to drain $1.7 million from one user.<br \/>\nThe United States Federal Bureau of Investigation (FBI) issued a warning in August 2024, sounding the alarm on scammers posing as crypto exchanges in an attempt to steal user funds and sensitive user data.<br \/>\nThe FBI expanded this warning in September 2024, highlighting the use of fake employment offers from scammers targeting crypto users.<br \/>\nAccording to the FBI, North Korean state-affiliated hacking groups would direct victims to download malicious software by disguising the software packages as employment tests, job applications, and information on investment opportunities.<br \/>\nMore recently, in March 2025, crypto users reported an uptick in scam emails imitating legitimate communication from crypto exchanges, directing users to withdraw their funds to external wallets.<br \/>\nThe growing variety and sophistication of social engineering scams prompted Coinbase chief security officer Phillip Martin to call for streamlining the scam reporting process by having a single, unified framework or repository for identifying and combating scams.<br \/>\nMagazine: Real AI use cases in crypto, No. 3: Smart contract audits &amp; cybersecurity<a href=\"https:\/\/cointelegraph.com\/news\/45-million-stolen-coinbase-users-last-week-zack-xbt?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 NewsOnchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven&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\/128787"}],"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=128787"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128787\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128787"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}