• Scam Alert: Fraudsters Pose as Coinbase Customer Support in Order to Steal Money

  • PeckShield, a blockchain security business, has discovered a phishing site designed to defraud Coinbase users.

    Fraudsters pose as customer service representatives from the major U.S. exchange in order to trick victims into providing consent to a bogus address on their Coinbase Wallet application.

    At the time of publication, those who had fallen victim to the scam had lost more than $86,700.

    Phishing schemes typically entail duping consumers into disclosing sensitive information (passwords, private keys, etc.)

    Scammers are taking advantage of new chances as cryptocurrency become more popular. According to Chainalysis statistics, scammers stole more than $14 billion in cryptocurrency in 2021, more than doubling the record set in 2020.

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