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Is this phone scam targeting coinbase account holders?

Scam Alert | Suspicious Messages from Coinbase?

By

Fatima El-Amin

Oct 12, 2025, 04:03 AM

Edited By

Anya Singh

Updated

Oct 12, 2025, 09:51 AM

2 minutes needed to read

A phone displaying a text message about a Coinbase account that looks suspicious

A growing number of people are expressing worry over texts claiming to be from Coinbase, stirring debates on online platforms. One user reported a message originating from an 858 area code that indicated suspicious activity linked to their account. What does this mean for Coinbase account holders?

The Text Triggering Alarm

The alarming message read, "Your COlNBASE account Login from a new device in Madrid (Spain). If you didn’t make this login, please call us immediately at +1(858)465-8880." With no prior email notice, the user felt compelled to reach out to the provided number, only to be asked for personal info before abruptly hanging up.

Community Insights

Users took to forums to express their concerns and share experiences:

  • Unanimous Scam Claims: Many emphasized that any communication about account security should come via email, marking the text as a scam.

  • Personal Account Risks: A community member shared their own experience where their account faced serious security issues. They noted, "Coinbase restricted then blocked my account fully. It's a scam."

  • Caution on Information Sharing: Concerns were raised about personal information being shared publicly. As one user advised, "If you’re having account issues, contact Coinbase directly."

Interestingly, reactions also included dismissive comments like, "If you have to ask it’s always a scam," and critiques on investing in crypto at all. Someone bluntly stated, "To be honest you are dumb to invest. Do something else."

"If you’re experiencing an issue with your Coinbase account, please contact us directly," said an informed user, reiterating the risks.

The Bigger Picture

This situation shines a light on the vulnerabilities of digital asset platforms. The rise in scams targeting cryptocurrency exchanges is alarming. With experts predicting a potential spike in scams up to 50% in the coming months, users must stay vigilant. The sentiment among many appears to be shifting towards greater caution in digital investments.

Key Takeaways:

  • Scam Confirmation: Community consensus strongly indicates the message is fraudulent.

  • 📉 Victim Stories: Many users have already shared personal accounts of compromised security.

  • 📧 Official Contacts: There's agreement that dialogue with exchanges should occur via email, not through texts or calls.

As cryptocurrency evolves and gains mainstream attention, the risks associated with it also intensify. Users are reminded to remain alert and to report any suspicious activities immediately.