31 May 2025
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Coinbase Warns Customers of Phone Scams Following Recent Data Breach
Coinbase does not call customers to notify them of account compromises, a common scam tactic. An incident recently highlighted this issue when an individual received a phone call from someone claiming to be from Coinbase support.
Key Points
- The call claimed the receiver's Coinbase account was compromised due to a data breach.
- Coinbase officials confirmed that they would never make such calls; communication is done via email.
- Scammers often use similar tactics to extract personal information or funds.
- The caller attempted to create urgency by offering to freeze the account for security.
- Follow-up emails from the scammer contained suspicious elements and incorrect sender addresses.
- Scammers may not have specific information about victims' assets, as in this case where the victim had no funds in their Coinbase account.
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