Coinbase users reportedly lose over $300M yearly via social engineering scams

On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams. Over the past few months, numerous users have ...

By · · 1 min read
Coinbase users reportedly lose over $300M yearly via social engineering scams

Source: CryptoSlate

On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams. Over the past few months, numerous users have taken to social media to report sudden account restrictions, which ZachXBT attributed to the exchange’s aggressive risk models and a failure to mitigate ongoing scams. The […]