Coinbase News: Users Lose Over $46 Million in Suspected Phishing Scams

In a recent development that has shaken the cryptocurrency world, Coinbase, one of the leading crypto exchanges, has been the victim of a suspected phishing scam. The incident has led to significant financial losses for its users, prompting concerns about the security of digital assets.

Coinbase Victim of Latest Phishing Scam, Users Lose over $46 Million

Blockchain investigator ZachXBT has reported that users of crypto exchange Coinbase have collectively lost over $46 million in the past two weeks due to suspected phishing scams. Scammers have targeted multiple Coinbase wallets this month, with a screenshot from blockchain explorer Blockchair suggesting that 400 Bitcoin (BTC), valued at $81,464 per BTC, may have been stolen.

Bitbank to Coinbase: Brian Armstrong’s $48 Billion Job Post

In this segment from the Supply Shock newsletter, David Canellis discusses a 13-year-old job post by Brian Armstrong, pre-Coinbase, which called for changing the world. Armstrong wrote the post in desperate times, seeking to apply to Y Combinator with a prototype described as ’PayPal for Bitcoin’. The article also covers other topics including a Kenyan startup combining crypto mining with hydroelectric power and Gamestop’s Bitcoin buying spree.