Coinbase Users Lose $65M in Phishing Scams Amid Security Failures

Popular cryptocurrency exchange Coinbase has faced backlash after a series of social engineering scams over the past two months led to users losing millions, raising concerns over security vulnerabilities and fraud prevention measures. Blockchain investigator ZachXBT revealed in an X thread that users lost at least $65 million to social engineering scams between December 2024 and January 2025.... source: https://news.shib.io/2025/02/04/coinbase-users-lose-65m-in-phishing-scams-amid-security-failures/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-users-lose-65m-in-phishing-scams-amid-security-failures