An onchain investigator, ZachXBT, reportedly uncovered a Coinbase impersonation scam. According to reports, the scam resulted in $2 million in losses. The investigation highlights the persistent risk of social engineering in the cryptocurrency space. The investigator used onchain clues to link the scam to the losses. The report emphasizes the importance of vigilance and awareness to avoid falling victim to such schemes. The development underscores the need for robust security measures and user education within the cryptocurrency ecosystem.

An onchain investigator, ZachXBT, reportedly uncovered a Coinbase impersonation scam. According to reports, the scam resulted in $2 million in losses. The investigation highlights the persistent risk of social engineering in the cryptocurrency space. The investigator used onchain clues to link the scam to the losses. The report emphasizes the importance of vigilance and awareness to avoid falling victim to such schemes. The development underscores the need for robust security measures and user education within the cryptocurrency ecosystem.