According to Cointelegraph, a number of cryptocurrency users have recently received a large number of fraudulent emails posing as exchanges Coinbase and Gemini. These emails claim that users must transfer their assets to self-custodial wallets by April 1 and provide pre-generated mnemonic words.
The scammers claimed that due to a class action lawsuit, the court required users to manage their own wallets, and Coinbase would operate only as a registered broker.
Coinbase has confirmed the fraud and stressed that it will never send mnemonics to users, nor should users use mnemonics provided by others.
Recently, several crypto users have been exposed to fraudulent emails posing as Coinbase and Gemini
2025-03-17 02:13:44
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