Coinbase Scam Alert | Users Report Confusion Over Fake SMS Logins

A troubling trend unfolds as Coinbase users report receiving fraudulent SMS messages that mimic legitimate login alerts. Scammers are posing as Coinbase representatives, prompting concern over security and privacy.

Understanding the Scam

Victims detail experiences where they receive texts indicating suspicious login attempts, such as one user who got a message claiming a login from Beijing. Shortly after, they received a call from someone claiming to be from Coinbase support, reportedly using the same number that had sent real verification codes.

"I thought it was legit because I received a verification code. Big mistake!"

This incident raises questions about the integrity of mobile communications and whether users' devices are at risk.

Rising Concerns Among Users

Forum discussions reveal a consensus among affected individuals:

• Technobabble Confusion: Many users dismiss terms used by scammers, like "API breach," as nonsense designed to frighten consumers into sharing personal info over the phone.

• Compromised Phones: Several people suspect their phone numbers could be compromised due to SIM swap incidents.

• Inquiry Tactics: Users express wariness about scammers asking for details on other crypto holdings, noting it sets off "red flags" immediately.

"Why would they send legit codes from a scam number? It doesn’t add up," questioned a participant in the discussion.

Updated Insights

• 🔍 Multiple Codes: Some users receive verification codes from both fake and legitimate sources, causing confusion about which is which.

• ⚠️ Personal Info Worries: "I’m more worried about my personal details than my Coinbase account," one individual remarked, highlighting a growing anxiety concerning personal security.

• 🚨 Scam Numbers Identified: Users are reporting specific numbers tied to these scams, including +1 206-895-7695, prompting many to question how these phony communications are being generated.

In an era where digital trust is crucial, the ongoing reports of these scams underline the need for increased vigilance. Are companies doing enough to safeguard their customers against such threats?

For further tips on securing your crypto assets, check out Coinbase's Help Center.

As scammers adapt, users must remain alert and skeptical of unsolicited communications.