ZachXBT ties Coinbase support impersonation scheme to roughly $2M in losses

Onchain investigator ZachXBT said a Coinbase support impersonation operation stole roughly $2 million in crypto, traced through onchain activity and social media artifacts. The FBI reported more than $16 billion in internet crime losses in 2024, underscoring the role of social engineering; Coinbase reiterates it never requests passwords, 2FA, seed phrases, or transfers to a safe address.