Over the past few weeks, a number of Coinbase users have fallen victim to a series of scams, with one user losing a substantial amount—400 bitcoin, valued at approximately $33.5 million at current rates.
This theft is part of a broader wave of social engineering attacks targeting Coinbase customers, as uncovered by on-chain investigator ZachXBT.
While the exact method behind the theft remains unclear, ZachXBT identified the wallet “bc1qvl” as the destination for the stolen funds, and noted several other thefts since March 16.
These included amounts of 20 BTC, 46 BTC, and 60 BTC. The stolen bitcoin was subsequently moved to Ethereum’s blockchain using tools like THORChain and Chainflip.
This is not the first time ZachXBT has flagged similar attacks against Coinbase users. In a high-profile case last year, scammers posing as Coinbase support staff managed to steal $234 million in bitcoin from a Gemini creditor, leading to the arrest of three suspects.
Just last month, ZachXBT reported that criminals had exploited Coinbase users for $65 million between December and January.
Despite the growing concern, Coinbase has yet to update its compliance tools to flag the theft addresses involved in these recent scams.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/over-33-million-in-bitcoin-stolen-from-coinbase-users-in-recent-scam-attack-investigator-reveals/