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Coinbase Users Are Losing $300M a Year to Social Scams, ZachXBT Says

ZachXBT advised Coinbase to enhance security by making phone number inputs optional, creating a restricted account type for new users and improving community education on scam prevention.

Updated Feb 4, 2025, 3:57 p.m. Published Feb 4, 2025, 3:19 p.m.
Coinbase app opening screen on mobile phone
Coinbase users are being targeted by scammers. (appshunter.io/Unsplash)