Phishing Alert | Coinbase Users Face Rising Scam Texts

A wave of phishing attempts using Coinbase's actual number has riled many in the crypto community. Individuals have reported receiving alarming texts regarding withdrawal processes, prompting urgent security concerns. Is this a sign of a serious breach?

Incidents Reported

Recent activity on forums shows individuals sharing experiences with phishing messages that appear to originate from Coinbase's official number. A notable message stated: "Use code 7813 to complete withdrawal process. If this was not done by YOU, please contact us on (03)4420-3600." One affected person confirmed, "I logged into my account and there was no withdrawal request."

Another commenter mentioned, "I got the exact same message three times between 11 am and 12 pm. My Coinbase account isn't even active!" This particularly raises concerns about the legitimacy of communications from Coinbase.

Community Concerns

• Phishing Confirmed: Several users identified similar messages, reinforcing that the problem is widespread.

• Caller ID Tricks: Some comments highlighted that one scam utilized an alphanumeric sender ID of "Coinbase," complicating the identification of fraudulent messages.

• Desire for Action: Users also emphasized notifying the telecom carrier about the scam and urged others not to engage with these messages.

"Coinbase does not send text messages. This is likely a phishing attempt," warned a knowledgeable community member.

User Sentiments

Comments reflect a mix of frustration and vigilance, with many pushing for increased awareness and caution regarding these scams.

Noteworthy Quotes

• "Just got this message today, it’s concerning that it shows up in the same text thread!"

• "Do not call the number; delete the message, and block the contact."

Key Takeaways

• 🚨 Users report multiple instances of similar phishing texts.

• ⚠️ Coinbase does not initiate contact via SMS.

• 📞 Security measures include notifying the telecom provider of suspicious activity.