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$45 million stolen from Coinbase users in the last week — ZackXBT

cryptoweekly by cryptoweekly
May 7, 2025
in bitcoin, News
0

Coinbase users are falling prey to social engineering scams, costing users tens of millions of dollars in losses, according to ZackXBT.

Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.

According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZackXBT said is a problem unique among crypto exchanges:

Cointelegraph reached out to Coinbase but was unable to get a response by the time of publication.

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  • Are layer 2s good for Ethereum, or are they ‘extractive?’
  • SEC considers new rules easing security token issuance
  • Missouri bill ending capital gains tax heads to governor for signature
  • User experience could be crypto’s superpower—or its kryptonite
  • Ex-Celsius CEO asks to travel for a wedding after sentencing
  • Bitcoin price reclaims $100K for first time since January
  • AI sycophancy + crazy = snowballing psychosis; child porn jailbreak fears: AI Eye

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