{"id":33780,"date":"2024-07-08T10:35:45","date_gmt":"2024-07-08T10:35:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/1-7-million-lost-to-scammers-masquerading-as-coinbase-reps\/"},"modified":"2024-07-08T10:35:45","modified_gmt":"2024-07-08T10:35:45","slug":"1-7-million-lost-to-scammers-masquerading-as-coinbase-reps","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/1-7-million-lost-to-scammers-masquerading-as-coinbase-reps\/","title":{"rendered":"$1.7 Million Lost to Scammers Masquerading as Coinbase Reps"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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A new cryptocurrency scam has emerged, with fraudsters posing as Coinbase employees to swindle users out of millions. Tegan Kline, co-founder of Edge & Node, revealed that his friend lost $1.7 million from their self-custody wallet after falling victim to this scheme.<\/p>\n

The scammers initially contact the victim through a phone call, pretending to be from Coinbase. They follow up with an email that appears to be from Coinbase\u2019s security team, using the name \u201cDavid Brown\u201d and claiming the recipient is \u201cspeaking to an official\u201d Coinbase representative. To seem credible, they mention the victim\u2019s past transactions on Coinbase.<\/p>\n

The scammers then claim that the victim\u2019s wallet is \u201cconnecting directly with the blockchain,\u201d causing unauthorized transactions. An email with details of an outgoing transaction follows, intensifying the urgency. The victim is directed to a fake website controlled by the scammers.<\/p>\n

Despite suspecting the site\u2019s safety, the victim entered part of their key phrase, which was enough for the scammers to steal $1.7 million. Hiro Systems CEO Alex Miller explained that these malicious websites capture data as it is entered, allowing scammers to brute force the rest of the key phrase. Miller also faced a similar scam, where fraudsters claimed someone was trying to access his account. He suspected his email leaked during a 2022 CoinTracker data breach.<\/p>\n

Miller advises CoinTracker users to cycle their API keys, which scammers use to verify their victims. He described the scam as moderately targeted, noting that the fraudsters created a look-alike email address and spoofed a similar phone number. However, they hadn\u2019t attempted to phish him further.<\/p>\n

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250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n

New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Another X user, \u201cTraderPaul04,\u201d shared a similar experience. He received an automated call claiming his Coinbase account was being accessed from a different location, followed by a call from a fake Coinbase employee. He then received a phishing link disguised as a password reset request, which he identified and avoided.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) A new cryptocurrency scam has emerged, with fraudsters posing as Coinbase employees to swindle users out of millions. Tegan Kline, co-founder of Edge & Node, revealed that his friend lost $1.7 million from their self-custody wallet after falling victim to this scheme. The scammers initially contact […]<\/p>\n","protected":false},"author":35,"featured_media":33781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33780"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33780"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33781"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}