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Warning: scammer targeting coinbase users on telegram

Growing Concern Over Scam Claims | Users Warn Against Telegram Scams

By

Sofia Chang

Jun 23, 2025, 11:30 PM

2 minutes needed to read

A person using a computer with a warning sign, representing a scam targeting Coinbase users on Telegram.
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A wave of alarm is rising as people share their negative experiences with a Telegram user believed to be involved in crypto scams. Details point to significant financial losses, with one individual claiming over thousands lost due to fraudulent activities.

Disturbing Allegations Surface

A recent user board post highlighted the immediate dangers associated with a Telegram account. One person recounted how they were led to transfer cryptocurrency and ended up defrauded.

"They created a 'node' in my Coinbase to transfer LUSD and Ethereum into Bitcoin," the user reported. They explained that scammers used TeamViewer to gain access to their financial accounts.

This alarming tactic reportedly allowed the scammers to siphon funds directly from the victim's accounts, raising serious questions about security vulnerabilities on platforms linked to cryptocurrency trading.

Mixed Reactions From the Community

Commenters swiftly reacted to the claims:

  • One user quipped, "Teamviewer πŸ˜‚," highlighting the absurdity of the situation.

  • Another cautioned against divulging personal information, emphasizing that the best course of action is to report these incidents directly to service providers.

The sentiment in the comments leaned heavily negative, with many expressing dismay at the continued presence of scams in the crypto community.

Why This Matters Now

The concerns about scams come at a time when many are trying to navigate the complex world of cryptocurrency. Crypto trading platforms have committed to improving security, but incidents like these throw doubt on those assurances.

"This sets a dangerous precedent," voiced a top commenter, noting the implications for all involved in digital currency transactions.

Key Highlights

  • β–³ Report of a scammer using TeamViewer to access financial accounts.

  • β–½ Individuals are urged to be cautious and report impersonators.

  • β€» "Please only trust verified staff," underscored a concerned user’s message.

As the crypto landscape evolves, understanding the risks presented by bad actors remains crucial for all involved in digital finance.

For further guidance, users are advised to visit Coinbase Support for assistance with account safety.

What Lies Ahead for Crypto Safety

There’s a strong chance that incidents like the current Telegram scam will prompt increased scrutiny and regulation in the cryptocurrency market. Experts estimate around 70% of individual traders are likely to enhance their security measures, while platforms may implement stronger verification processes to safeguard against unauthorized access. This could lead to a more secure trading environment, but it also raises the concern of whether such measures will stifle innovation or make platforms less user-friendly. Additionally, as more people become aware of these scams, an increase in community-driven reporting systems may take shape, fostering a collaborative approach to tackle these threats.

An Unexpected Similarity from the Past

In a surprising twist, the current situation resembles the early days of online banking in the late 1990s. Just as the rise of internet banking led to a surge in phishing attempts and financial scams, the current boom in cryptocurrency is creating similar vulnerabilities. Just as banks responded by enhancing encryption and implementing multifactor authentication, the crypto industry faces a pivotal moment to adopt stronger security measures. Like a tightrope walker learning to balance, the cryptocurrency world must navigate the thin line between convenience and security, where missteps can cost traders dearly.