Retired artist Ed Suman lost more than $ 2 million in cryptocurrency earlier this year after the victim’s falling to a scam involving a person posing as a Coinbase support representative.
Suman, 67, has spent nearly two decades as a fabric in the art world, helping to develop high -profile -made works like Jeff Koons’ Balloon Dog sculptures, according to one May 17 Report By Bloomberg.
After retiring, he turned to cryptocurrency investment, eventually accumulating 17.5 Bitcoin (Btc) and 225 ether (Eth) – A portfolio consisting of most of his retirement.
He stored funds in a Trezor model, a hardware wallet commonly used by crypto holders to avoid the risks of exchange hacks. But in March, Suman received a text message appearing from Coinbase, which warned him an unauthorized access to the account.
After responding, he got a phone call from a person who identifies himself as a security security staff named Brett Miller. The caller appeared with knowledge, correctly saying that Suman’s funds were stored in a hardware wallet.
He then convinced Suman that his purse could still be weak and walk him through a “security method” involved in entering his seed phrase on a website that mimics the Coinbase interface.
Nine days later, a second caller says from Coinbase repeated the process. By the end of that call, all of Suman’s crypto holders were gone.
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Coinbase suffers from breaking basic data
The scam followed a Coinbase data violations are revealed This week, where attacks are hosting Indian customer support staff to access the user’s sensitive information.
The stolen data includes customer names, account balance, and transaction history. Coinbase confirmed the violation affecting nearly 1% of monthly transacting users.
Among those Affected venture capitalist Roelof BothaSequoia Capital partner management. There is no indication that his funds were accessible, and Botha refused to comment.
Coinbase’s chief security officer Philip Martin, has been reported Contracted Customer Service Agents said In the midst of the controversy is based in India and fired following the violation.
The exchange also said it plans to pay between $ 180 million and $ 400 million in remediation and reimbursement to affected users.
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