Coinbase user warned of complicated crypto scam scheme

In the attack on the account of a cryptotrader on Coinbase, scammers used his personal data. And which they could only get through leaked information

Famous cryptotrader Jacob Canfield became a victim of a complex scam scheme. And with the help of which fraudsters tried to gain access to his account on Coinbase. Suspecting a data breach, he warned other exchange users to change their passwords.

Canfield wrote on Twitter that he first received a text message. And which said that his Coinbase two-factor authentication (2FA) had been changed. Shortly thereafter, he received three phone calls purportedly from Coinbase’s customer support line.

The scammers asked Canfield if he had traveled outside the U.S. and if he had requested a 2FA and email change. He replied that he hadn’t. And then he received a text message canceling the change request.

Canfield’s call was then transferred to “Coinbase security” to verify his account. In order to avoid a 48-hour suspension of transactions. The scammers asked him for a verification code. But Canfield refused to provide it. The cryptotrader’s interlocutor warned that the account would then be blocked for seven days. But he ended up getting angry and hanging up.

“They had my name, my email address and my location, and they sent an email with a confirmation code from help@coinbase.com to my personal email,” Canfield wrote.

He also added that the code the hackers sent was real. And they sent it from their email and logged into Canfield’s account while the conversation was taking place over the phone.

Our experts note that Coinbase responded to the situation and stated that there was no data leak from the exchange. At the same time, crypto detective ZachXBT wrote that other customers of the exchange have been victims of a similar scam before.

“It’s better to reassure yourself and change passwords if you’re a Coinbase customer than regret it later,” Canfield warned users.