{"id":129333,"date":"2025-05-15T18:15:34","date_gmt":"2025-05-15T18:15:34","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129333"},"modified":"2025-05-15T18:15:34","modified_gmt":"2025-05-15T18:15:34","slug":"coinbase-fires-compromised-agents-in-india-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129333","title":{"rendered":"Coinbase fires compromised agents in India\u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCoinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India.<br \/>\nAccording to a May 15 Fortune interview, Coinbase&#8217;s chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals. The CSO\u2019s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million in remediation and reimbursement.<br \/>\nQiao Wang, a core contributor to Alliance DAO, said in a May 15 X post that he may have been a victim of one of these attacks. He said a scammer notified him his Coinbase account had been compromised, asked him to verify his personal information, to which the criminals likely had access through the compromised agents, and requested he withdraw all his funds to a \u201cCoinbase self-custodial wallet.\u201d<br \/>\n\u201cI called them out at the end of the call telling them they need to step up their game [&#8230;],\u201d said Wang on X. \u201cThey told me that had made $7m that day.\u201d<br \/>\nRelated: $330M Bitcoin social engineering theft victim is elderly US citizen<br \/>\nCointelegraph reached out to Martin and Coinbase for comments, but had not received responses at the time of publication. Following the Securities and Exchange Commission disclosure estimating up to $400 million in reimbursements, shares of Coinbase Global dropped more than 5%.<br \/>\nReports of the alleged bribes and user data breach came amid Coinbase CEO Brian Armstrong\u2019s visit to lawmakers in Washington, DC, to support crypto-related legislation. Congress is considering another vote on a stablecoin bill and drafting legislation for a digital asset market structure bill, both of which were crucial policies that could favor the crypto industry.<br \/>\nMagazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee<br \/>\nThis is a developing story, and further information will be added as it becomes available.<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-social-engineering-agents-india-cso?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 NewsCoinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India. According&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\/129333"}],"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=129333"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129333\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129333"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}