Zachxbt: Coinbase users have lost at least 150 million US dollars due to fraud in the past year

Reprinted from panewslab
02/02/2025·1MPanews News on February 2nd, according to BeinCrypto, the analyst Zachxbt on the chain disclosed that only its independent confirmed cases, Coinbase users have lost at least 150 million US dollars due to fraud in the past year. The latest case was that a user of Coinbase lost 110 CBBTC and worth $ 11.5 million. The stolen CBBTC (Coinbase's packaging Bitcoin products) quickly whitewashed on multiple instant exchanges. The attackers are exchanged, bridges, and transfer funds through various platforms, and then integrate them with other stolen assets on Ethereum, making it almost impossible to track and recover funds.
This incident is an increasing trend, and many Coinbase users have suffered similar losses. It is estimated that such scams have stolen at least 150 million US dollars from Coinbase customers. Coinbase has not commented on this. However, scammers have become more and more common. These attackers use fishing emails, false telephones and other deception methods to deceive the victims to leak their private keys or log in. Once they get access permissions, they will steal wallets, transfer funds and control accounts.