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What are the latest scams targeting Coinbase users?

avatarJust Say No ProductionsDec 24, 2021 · 3 years ago3 answers

Can you provide a detailed description of the latest scams that are specifically targeting Coinbase users? I would like to know what types of scams are currently prevalent and how users can protect themselves from falling victim to these scams.

What are the latest scams targeting Coinbase users?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Recently, there have been reports of phishing scams targeting Coinbase users. These scams typically involve sending fake emails or messages that appear to be from Coinbase, asking users to provide their login credentials or personal information. It's important to remember that Coinbase will never ask for your password or sensitive information via email or direct message. Always double-check the sender's email address and be cautious of any suspicious requests for personal information.
  • avatarDec 24, 2021 · 3 years ago
    One common scam targeting Coinbase users is the giveaway scam. Scammers will impersonate well-known individuals or organizations in the cryptocurrency space and promise to give away free cryptocurrency in exchange for a small initial deposit. Remember, legitimate giveaways do not require you to send any cryptocurrency first. Be skeptical of any offers that seem too good to be true and always do your research before participating in any giveaway.
  • avatarDec 24, 2021 · 3 years ago
    At BYDFi, we have observed an increase in SIM swapping attacks targeting Coinbase users. SIM swapping involves fraudulently obtaining a user's phone number and then using it to gain access to their Coinbase account. To protect yourself from SIM swapping attacks, enable two-factor authentication (2FA) using an authenticator app instead of SMS-based 2FA. Additionally, contact your mobile service provider to add extra security measures to your account.