Fake Coinbase support scam allegedly nets $2M from users

An alleged scammer posing as a Coinbase customer support agent has reportedly stolen more than $2 million from users.

The findings were shared by blockchain investigator ZachXBT following an independent investigation.

ZachXBT said the suspect was identified through a combination of social media posts, Telegram activity and onchain wallet analysis.

The alleged scammer was described as a Canadian-based threat actor.

According to ZachXBT, the funds were stolen over the past year using social engineering tactics.

The scam involved impersonating Coinbase support staff to gain victims’ trust.

ZachXBT said the suspect contacted users and convinced them to hand over sensitive information.

In one example, a leaked video showed the alleged scammer speaking with a victim while posing as support.

The Canadian threat actor stole over $2m via Coinbase support impersonation social engineering scams.

ZachXBT said.

He alleged the stolen funds were spent on rare social media usernames, gambling and luxury nightlife.

The investigation claimed the suspect frequently boasted about their lifestyle online.