Bitcoin

<ul><li>Scammers impersonate Coinbase employees, causing a $1.7M loss.</li><li>Victim tricked by fake &#34;Employee Verification&#34; email.</li><li>Scammers use partial data to brute force seed phrases.</li></ul>A disturbing new trend of scammers impersonating Coinbase employees has emerged, leading to multiple reports of attempted fraud and a massive loss of $1.7 million from a single victim’s self-custody wallet. This incident was <a href="https://x.com/theklineventure/status/1810068252900376999" rel="noopener noreferrer nofollow">highlighted</a> by Tegan Kline, co-founder of Edge &amp; Node, who detailed the exploit on a social platform.The victim, who preferred to remain anonymous for security reasons, was initially contacted by someone claiming to be &#34;David Brown,&#34; a representative from Coinbase&#39;s security team. The scammer reached out via a Google Voice call, followed by an official-looking email purportedly for &#34;Employee Verification,&#34; creating an illusion of legitimacy.The victim was falsely informed about unauthorized transactions supposedly occurring due to their wallet being directly connected to the blockchain. The victim explained,&#34;He then spent time talking to me and telling me information about my previous addresses. I said that those things were true but then I asked him how I would know he is who he says he is. He said he knows these things because he is from Coinbase.”<a href="https://cryptotale.org/coinbase-scammers-steal-1-7m-using-fake-employee-calls-seed-phrases/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Coinbase Scammers Steal $1.7M Using Fake Employee Calls & Seed Phrases

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