$45M Stolen from Coinbase Users: Why You Need a Hardware Wallet Now

Centralized exchanges like Coinbase are being torn apart by social engineering scams.
In just one week, users lost over $45 million, according to security researcher ZachXBT. The message is loud and clear: you need to store your crypto in a Trezor hardware wallet as soon as possible. If you store your crypto on an exchange, you’re at serious risk!

Social Engineering: A Growing Threat to Coinbase Users

On-chain sleuth ZachXBT has revealed a shocking number:

🔥 $45 million stolen in the last 7 days — all from Coinbase users
These aren’t ordinary hacks. These are sophisticated scams where users are tricked into handing over access or transferring funds.

“Over the past few months, I’ve reported on nine figures stolen from Coinbase users via similar scams. No other major exchange has this problem.” — ZachXBT

Here’s how scammers are targeting users:

• Impersonating Coinbase support staff
• Sending fake job offers or investment emails
• Crafting scam sites and phishing links
• Using malware disguised as crypto tools

One user lost $1.7M in a single attack. The FBI has issued warnings (Aug, Sept 2024) about North Korean groups doing this via fake job offers and support tickets.

Why Centralized Exchanges Are a Single Point of Failure

Coinbase, Binance, Kraken — they all hold your private keys. If their systems are compromised or you get tricked, your funds are gone.

Trezor gives you back control.
You don’t rely on anyone else. You hold your private keys — offline.

🔐 Self-Custody with Trezor: Your Best Protection

Trezor hardware wallets protect your crypto in ways exchanges never can:

• ✅ Offline storage: Your keys never touch the internet
• ✅ Immune to phishing: Even if you click the wrong link, funds stay safe
• ✅ Beginner friendly: Easy to set up and manage
• ✅ Supports 9,000+ coins: Bitcoin, Ethereum, and beyond

💡 Don’t be the next victim. Take 5 minutes and move your crypto to Trezor today!

Don’t Wait for the Next Attack

This isn’t just about Coinbase. Every day you leave funds on a centralized exchange, you’re gambling with your financial future.

ZachXBT’s $45M exposé is a wake-up call.

And guess what? Coinbase hasn’t fixed it. Their CSO admitted it:

“There’s no unified industry-wide framework to fight this.”

So what are you waiting for? Get Trezor Safe 5 now and keep your crypto safe with the best cold wallet out there. Visit Trezor’s Official Shop before it’s too late.

Get Your Trezor Safe 5 Hardware Wallet Now

Follow these simple steps:

1. Buy your device from Trezor’s Official Shop
2. Set it up with Trezor Suite (takes under 10 mins)
3. Transfer your crypto from Coinbase
4. Back up your recovery phrase and keep it offline

You’re now 100% in control. Nobody can move your funds but you.

Protect Yourself Before It’s Too Late

Centralized exchanges are convenient — until they’re not.

ZachXBT’s report shows the scale of the damage:

• $45M in a week
• Over $300M/year
• One exchange affected: Coinbase

Don’t be next. Protect your crypto with Trezor.

Related Articles:

• Ledger vs Trezor: Which is Better for Security?
• Why Self-Custody Matters More Than Ever in 2025

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