Crypto investors are being targeted by a phishing scam impersonating Coinbase security members, resulting in the theft of $1.7 million from a self-custody wallet. The scam involves scammers posing as Coinbase representatives, contacting victims to confirm suspicious transactions and obtaining sensitive information, ultimately draining significant amounts of cryptocurrency. The scam is suspected to be linked to the CoinTracker security breach from 2022, prompting warnings for users to secure their Coinbase accounts and cycle their API keys if they have been using CoinTracker.
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