Coinbase Issues Warning as Scammers Exploit Recent Data Breach with Fake Support Calls

Cryptocurrency exchange Coinbase has issued a public warning following reports of fraudulent calls targeting its users. Scammers are posing as Coinbase support agents, attempting to exploit the recent data breach that affected nearly 70,000 customers. The exchange has clarified that it never initiates outbound calls to warn users about account compromises, urging customers to remain vigilant against such phishing attempts.

Scam Alert: Fraudsters Target Coinbase Users with Fake Compromise Calls

Cryptocurrency exchange Coinbase has confirmed it never initiates outbound calls to warn customers about account compromises. This clarification comes after a reporter received a fraudulent call from a scammer posing as a Coinbase support agent.

The attempted scam followed Coinbase’s recent disclosure of a data breach affecting nearly 70,000 users. Fraudsters typically use such opportunities to phish for credentials or trick victims into transferring funds. "If you’re getting a phone call about your account being compromised, it’s always a scam," emphasized the Coinbase spokesperson.

While the attempt contained several telltale flaws, security experts warn that such social engineering tactics are becoming increasingly sophisticated in the crypto space. The incident serves as a cautionary tale for all digital asset holders, particularly those affected by recent exchange breaches.