# Fake Coinbase Support Scammer Allegedly Stole $2M from Users
🔥 Key Takeaways
- A scammer posing as Coinbase support allegedly stole $2 million from users.
- Investigator ZachXBT traced the suspect through social media and Telegram activity.
- The fraudster reportedly gloated about the theft in online posts.
- This highlights ongoing security risks in crypto, especially phishing scams.
## The Rise of Crypto Support Scams
A recent investigation by blockchain sleuth ZachXBT has uncovered a fraudulent scheme where a scammer impersonating Coinbase support allegedly stole $2 million from unsuspecting users. The scammer reportedly used fake customer service accounts to trick victims into revealing sensitive information, leading to drained wallets.
The suspect was traced through social media posts and Telegram activity, where they allegedly boasted about the theft. This case underscores the growing threat of phishing and impersonation scams in the cryptocurrency space, particularly targeting new or inexperienced users.
## How the Scam Operated
1. Fake Support Accounts – The scammer posed as a Coinbase representative on platforms like Twitter (X), Telegram, and even fake websites.
2. Phishing Tactics – Victims were lured into sharing login credentials or private keys under the guise of “account verification” or “security updates.”
3. Funds Drain – Once access was granted, the scammer swiftly transferred assets out of victims’ wallets.
ZachXBT’s investigation revealed that the fraudster publicly flaunted the stolen funds, making it easier to track the illicit transactions.
## Protecting Yourself from Crypto Scams
– Never share private keys or recovery phrases with anyone, including “support agents.”
– Verify official communication channels – Always check URLs and official social media accounts.
– Enable 2FA (Two-Factor Authentication) for an extra layer of security.
– Use hardware wallets for storing large amounts of crypto.
This incident serves as a stark reminder that crypto users must remain vigilant against social engineering attacks.
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META_DESC: A fake Coinbase support scammer allegedly stole $2M from users, with ZachXBT tracing the suspect through social media posts. Learn how to protect yourself.
TAGS: #Coinbase #Scam #Phishing #CryptoSecurity #ZachXBT
CATEGORY: News
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