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Beware of latest coinbase scam attempts!

A recent wave of phishing scams targeting cryptocurrency users has sparked alarm among individuals. Reports indicate that scammers are employing clever tactics, including automated voice messages, to trick users into revealing personal information. This has raised serious concerns about security within the crypto community.

By

Elena Roth

Jan 5, 2026, 08:44 AM

Updated

Jan 5, 2026, 11:44 PM

2 minutes reading time

A warning message about a scam targeting Coinbase users, featuring images of a phone receiving a suspicious text and a caution symbol.

Context of the Scam

The red flags began when one user received an automated voice message claiming that a two-way authentication was underway on their Coinbase account, which they hadn't accessed in years. Following this, they received a text message with a verification code supposedly connected to the Ledger Live application. The recipient had deleted their Coinbase account, suggesting clear signs of a phishing attempt.

"Hey - This is definitely a scam attempt. Ledger will never contact you via phone or text to request personal information or verification codes," a knowledgeable commentator warns, urging others to ignore such messages.

User Experiences and Precautions

Discussions among community members have highlighted several key points regarding scam prevention:

  • Personal Information Requests: Users have shared similar experiences, with one noting, "when I was using Ironwallet, I encountered the same type of scam." This reiterates the prevalence of these harmful tactics across various platforms.

  • Avoiding Engagement: A strong consensus against engaging with unsolicited messages emerged from the comments. Participants advised ignoring any requests for sensitive information, further backed up by a shared experiences of receiving texts asking for verification codes.

  • Enhancing Security Measures: Recommendations regarding account security were prevalent. Users stressed the importance of regularly updating passwords and implementing two-factor authentication like Google Authenticator to bolster protection and block unauthorized access.

User Sentiment and Closure

Most users expressed a negative sentiment regarding their vulnerability to these scams, signifying a collective concern for personal security. The outpouring of advice underscores a proactive stance among the community towards strengthening cybersecurity.

Key Insights

  • ๐Ÿ”’ Change passwords regularly: Frequent updates are essential for account safety.

  • ๐Ÿ“ž Do not engage with suspicious messages: Avoid responding to unsolicited requests.

  • ๐Ÿ”‘ Implement two-factor authentication: A crucial step for protecting crypto assets.

As scammers become increasingly sophisticated, the importance of educating oneself and implementing robust security measures cannot be overstated. The crypto community must remain vigilant to safeguard digital assets against evolving phishing tactics.