Coinbase users lost 46 million USD to social engineering scams in March

Coinbase users experienced total losses of over 46 million USD in March 2025, mainly driven by a single scam on March 27 that accounted for 34.9 million USD. Concerns arise as annual losses could surge to 300 million USD.

ZachXBT, a crypto investigator, criticized Coinbase for not adequately protecting users or addressing the growing scam crisis. Users are urged to remain vigilant as social engineering tactics continue to pose significant risks.

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