Coinbase (COIN) users lost more than $ 65 million in social engineering attacks in the past two months with an estimated $ 300 million that these attacks lost annually.
Zachxbt said that the actual lost number may be higher, because the amount does not include non -reported cases.
Coinbase publicly did not comment on the matter and did not respond to Coindsk’s request for comment before publishing.
Zakspot said that the fraudsters use the stolen personal data to deceive users by sending fake email messages that simulate the official communications of Coinbase, including the wrong state identifiers that drive users to transfer money to the portfolio -controlled by the deceptive.
“The fraudsters reproduce the Coinbase site of approximately 1: 1 and allow the scammers to send different claims to the target via e -mail messages in possession using paintings.” “The two main groups that deliver these fraud are a slide from the com and the threats in India targeting American customers in the first place.”
“One of the Coinbase employees told X to stop using VPNS to avoid marking that it is suspicious. Meanwhile, the VPNS representatives will explicitly prevent the hunting sites.” “This indicates Coinbase’s failure to diagnose the actual problem.”
Zachbt Coinbase advised to enhance safety by making the phone number inputs optional, creating a restricted account type for new users, and improving community education when preventing fraud.
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