CyberheistNews Vol 15 #21 I Got This Coinbase-Related Scam in My Personal Inbox Last Week
KnowBe4 , Wednesday, May 28th, 2025
Coinbase is one of the world's largest cryptocurrency exchange sites, listed on the NASDAQ. I've been a Coinbase member from the beginning, so this email got my attention. I was pretty skeptical from the start, and upon further exploration, it was definitely a scam.
The scam works by sending this email to a large number of people, and some percentage of recipients are likely to be Coinbase users (like me). The scam is to convince potential Coinbase victims that a hacker has somehow broken into their Coinbase account and added a new wallet address, which can then be used to steal the member's value stored with Coinbase.