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Scammed by fake coinbase call: am i still at risk?

Scammers Target Crypto Users | Ex-User Shares Woes After Fraud

By

Lina Weber

Oct 6, 2025, 05:17 PM

Updated

Oct 7, 2025, 06:16 AM

2 minutes estimated to read

A worried person sitting at a desk, talking on the phone and looking at their laptop, representing a scam incident involving Coinbase.

A victim of a recent impersonation scam involving Coinbase voiced concerns about ongoing risks after he transferred funds to a scammer posing as a Coinbase representative. This incident highlights serious security issues surrounding cryptocurrency transactions in 2025.

Just Another Scam?

The victim, who reported losing money after receiving a fraudulent call about unauthorized account access, expressed fear of further risks. He said he believed he had to take action to protect his account but ended up falling prey to the scam.

"Coinbase will never make unsolicited calls, nor will we ever ask you to transfer funds to another wallet or address," a Coinbase support representative shared.

The response on forums has been strong, with users sharing their own near-miss experiences. "Don’t answer phone calls, text messages, or random DMs," advised one user, suggesting that this could keep people safe.

Key Themes from Community Responses

Three main themes emerged from users:

  • Impersonation Awareness: The rise of impersonation scams concerns many; awareness needs to be fostered to shield potential victims.

  • Shared Experiences: The online community has banded together, sharing stories of their own scams to serve as cautionary tales. A comment pointed out, "I get those texts at least once a day."

  • Protective Measures: Users are growing increasingly aware of how to safeguard their accounts, calling for heightened vigilance.

User Recommendations

Lots of folks stressed the importance of personal security in this online landscape. Many advised:

  • Never share personal information in public forums.

  • Regularly update passwords and enable two-factor authentication.

  • Monitor account activities diligently for unexpected changes.

One person quipped, "Violently robbed?" capturing both the humor and seriousness of this unfortunate situation. Interestingly, many felt empathy but also questioned why people fall for these scams in the first place.

Learning from the Past

As scams evolve, the echoes of past financial booms remind us how con artists thrive amid chaos. The current situation has been likened to the Gold Rush, where both genuine seekers and deceptive opportunists emerged. The lessons learned from those times continue to stress the need for vigilance and community support.

Key Insights

  • β–³ Experts note that scams targeting crypto users are increasingly common.

  • β–½ Always verify communications with official sources to avoid falling prey to fraud.

  • β€» "What you experienced was an impersonation scam," emphasized a community member's advice.

As the landscape of scams continues to shift and grow, adapting security measures and validating communications remain vital to safeguarding assets in the crypto world.