Scammers stole $45 million from Coinbase clients in a week.

In the last seven days, criminals have stolen $45 million from Coinbase users using social engineering methods. This was reported by on-chain detective ZachXBT.

“Over the course of several months, I documented thefts amounting to hundreds of millions of dollars. No other major cryptocurrency exchange has similar vulnerabilities,” said the expert.

According to ZachXBT on February 3, this is part of a systematic issue with Coinbase: since the beginning of the year, victims of fraud have lost over $300 million.

The attack scheme remains the same: scammers impersonate support staff, forcing victims to give access to their accounts or transfer funds to external wallets.

The head of security at Coinbase, Philipp Martin, called for the creation of a unified registry to track fraud. In his opinion, this would simplify threat analysis and user protection.

“This will help direct the resources of the entire federal government towards more active efforts to address some of the root causes,” Martin added.

Recall that in March, users reported phishing emails. The attackers, posing as Coinbase, offered to transfer assets to new wallets using pre-generated seed phrases.