Coinbase recently issued a warning after discovering that one of its employees may have accessed user data without proper authorization, potentially violating internal company rules. The warning was sent via email to Mike Dudas, co-founder of The Block, who subsequently shared the email with the public, bringing attention to the possible breach.
The email from Coinbase outlined concerns about increasing phishing scams in which scammers impersonate Coinbase in order to steal users’ funds. The company emphasized that Coinbase would never ask customers to move or manipulate their funds and warned users to stay vigilant.
Coinbase stated that it found evidence suggesting that one employee had reviewed several customer accounts, including Dudas’ account, without following proper protocols. Dudas shared the email to alert others, as phishing scams targeting Coinbase users have been escalating.
Crypto trader Jordan Fish, also known as Cobie, speculated that this incident might be part of a broader trend, citing a similar situation at Kraken, another cryptocurrency exchange. Fish suggested that attackers may be using employees to gain unauthorized access to user data.
Phishing scams have become a growing concern in the crypto community, with reports of increasing sophistication. Crypto researcher ZachXBT claimed that phishing scams had caused Coinbase users to lose over $46 million in the previous month alone.
In response to these claims, Coinbase stated that it is investigating the allegations made by ZachXBT but provided no further details at this time. The company has not yet disclosed the number of affected users or the full scope of the breach, but it pledged to continue investigating and keep the public informed.
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