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Fraudsters steal assets worth millions of dollars from crypto traders, posing as the support service of the American crypto exchange Coinbase. One of the victims lost $1.7 million worth of cryptocurrencies.
Co-founder of Edge & Node Tegan Kline (Tegan Kline) said that her friend lost assets — after an unknown person tricked a man into revealing a secret key. The attacker contacted the victim by phone, posing as a Coinbase employee.
The fraudster then sent the victim an email purporting to be from Coinbase's security team. The author of the email identified himself as David Brown, saying that if the user received the email, it means that he was talking to an "official representative of Coinbase". The swindler managed to convince the man that unauthorized transactions are being made from his account.
To solve the problem, the victim was redirected to a website controlled by fraudsters. According to the victim, he had suspicions that the website might be insecure, so he entered only part of the keyword phrase and did not send it. Despite this, the criminals were able to withdraw crypto assets from the victim's wallet.
Alex Miller, CEO of Hiro Systems, warns that even a part of the original phrase is enough for scammers — they will be able to pick up the rest. Miller says that he was also attacked by fake Coinbase employees who tried to gain access to the account.
This is not the first time that scammers have impersonated the Coinbase customer support service: similar attacks on users occurred last year. Recently, PeckShield analysts reported that hackers stole $176.2 million from cryptocurrency platforms in June, and phishing became a favorite method of stealing crypto assets.
Co-founder of Edge & Node Tegan Kline (Tegan Kline) said that her friend lost assets — after an unknown person tricked a man into revealing a secret key. The attacker contacted the victim by phone, posing as a Coinbase employee.
The fraudster then sent the victim an email purporting to be from Coinbase's security team. The author of the email identified himself as David Brown, saying that if the user received the email, it means that he was talking to an "official representative of Coinbase". The swindler managed to convince the man that unauthorized transactions are being made from his account.
To solve the problem, the victim was redirected to a website controlled by fraudsters. According to the victim, he had suspicions that the website might be insecure, so he entered only part of the keyword phrase and did not send it. Despite this, the criminals were able to withdraw crypto assets from the victim's wallet.
Alex Miller, CEO of Hiro Systems, warns that even a part of the original phrase is enough for scammers — they will be able to pick up the rest. Miller says that he was also attacked by fake Coinbase employees who tried to gain access to the account.
This is not the first time that scammers have impersonated the Coinbase customer support service: similar attacks on users occurred last year. Recently, PeckShield analysts reported that hackers stole $176.2 million from cryptocurrency platforms in June, and phishing became a favorite method of stealing crypto assets.
