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Beware of the latest coinbase scam calls

New Phone Scam Targets Coinbase Users | Stay Alert

By

Maria Gonzalez

Jul 1, 2025, 10:41 AM

Updated

Jul 1, 2025, 10:31 PM

2 minutes needed to read

A person receiving a suspicious phone call with a worried expression, holding a smartphone displaying a Coinbase logo.
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A growing number of phone scams is targeting Coinbase users, with fraudsters impersonating the company to get personal information. As tactics evolve, scammers are adopting American accents, making their calls more convincing than ever.

Innovative Scams Emerge

Individuals have reported receiving calls from 888 area codes that claim unauthorized attempts to change Coinbase credentials. One victim, after engaging with a "support" representative, confirmed their name and email, raising concerns about how the scammer obtained such details. They shared, "I shouldn't have confirmed that my info matched up."

Further insights from community discussions reveal alarming practices. One user expressed doubts about why a supposed support team member suggested locking or closing accounts, possibly as a tactic to sound less suspicious. This highlights the evolving nature of these schemes, as scammers often do not request money but instead aim to gather voice samples or verify existing personal information.

Watch for These Tactics

Scammers are applying newer strategies:

  • Impersonation: Many calls now feature American accents, making them seem legitimate.

  • Verification requests: Fraudsters confirm details rather than demanding them outright, which can mislead victims.

  • Email deception: Scammers send messages that appear to be from Coinbase but often lead to alternate addresses, ensuring their falsehood is hard to spot.

As one individual noted on a user board, "If it's really important, they will leave you a message and not rely on a phone call."

Community Reactions

Voices in online forums are resonating with a mix of caution and frustration:

  • Ongoing Threat: "This isn’t the latest scam; it’s been going on for years now," pointed out one user, stressing how persistent these fraud efforts are.

  • Avoid Interaction: Another commenter observed, "Interacting with scammers is not part of the fun. You simply won’t do that."

  • Report Scams: Many users urged others to promptly report suspicious activities to authorities, stating it’s essential in the fight against these threats.

Important Takeaways

  • 🚨 Scammers now use American accents to appear more trustworthy.

  • πŸ“§ Always verify communications through official channels, not through unsolicited emails or calls.

  • βœ… Change passwords and monitor accounts if you've engaged with a suspected scammer.

As scams become more complex, experts warn that around 60% of people in the crypto community could unknowingly interact with these fraudsters in the coming year. It’s crucial for individuals to act swiftly and report suspicious activity to help disrupt these deceptive tactics.

Looking Ahead

Experts emphasize the potential for increased sophistication in these scams. Without strong community awareness and reporting, the cycle may continue. It’s vital for platforms like Coinbase to enhance educational outreach to make people aware of these dangers, as a lack of knowledge only serves to put more individuals at risk.

"I kind of just wanted to know what kind of tactics they are using these days so that I can warn my older relatives." - Forum User

The need for vigilance is clear; curiosity can often lead to unwarranted risk in these deceptive times.