$45 million stolen from Coinbase users in the last week — ZachXBT

Coinbase users are falling prey to social engineering scams, costing users tens of millions of dollars in losses, according to ZachXBT.

Onchain sleuth and security analyst ZachXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.

According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZachXBT said is a problem unique among crypto exchanges:

Cointelegraph reached out to Coinbase but was unable to get a response by the time of publication.

Read more