A screenshot from blockchain explorer Blockchair shows a suspected 400 Bitcoin (BTC) theft from a single wallet address.“It is suspected a Coinbase user was scammed yesterday for $34.9M (400.099 BTC),” the investigator wrote in a March 28 Telegram post.“After uncovering this theft I noticed multiple other suspected thefts from Coinbase users in the past two weeks bringing the total stolen this month to $46M+,” he added.
He added:“Our number is likely much lower than the actual amount stolen as our data was limited to my DMs and thefts we discovered on-chain which does not account for Coinbase support tickets and police reports we do not have access to.”Source: ZachXBTPig butchering scams are another type of phishing scheme involving prolonged and complex manipulation tactics to trick investors into willingly sending their assets to fraudulent crypto addresses.
Related: Sophisticated crypto address poisoning scams drain $1.2M in MarchHistory of phishing losses at CoinbaseOver $65 million may have been stolen from Coinbase users between December 2024 and January 2025 in “high confidence thefts,” ZachXBT said in a Feb.3 X post.
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Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Coinbase users hit by $46M in suspected phishing scams — ZachXBT" has 484 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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