Coinbase users lose $ 65 million in 2 months from fraud, Zachxbt reveals

Krypto researcher Zachxbt reports that Coinbase users have lost over $ 65 million from social engineering attack in the last two months, with an estimated $ 300 million a year lost due to such attacks. Zachxbt noted that real losses could be even greater, because the figure does not take into account unnecessary cases. ZACHXBT explained that fraudsters use stolen personal information to send false e-mails that are preceded by Coinbase, including false cases that transmit users to the transfer of funds to the fraud control of the fraud control. Zachxbt shared in a viral post that Coinbase employee told users on X to stop using VPN to avoid being marked, while fraudsters block VPN on web locations. He criticized Coinbase for not determining the real problem.