Hackers Steal $45M from Coinbase Users in Phishing and SIM-Swap Attacks, Says ZachXBT
In a startling revelation, Hackers Steal $45M from Coinbase Users in Phishing and SIM-Swap Attacks, Says ZachXBT, a prominent blockchain investigator. This massive theft is one of the largest crypto-related heists reported in 2025 and highlights the increasing sophistication of cybercriminals targeting centralized crypto platforms.
ZachXBT, known for exposing fraud and scams within the crypto industry, shared details of the coordinated attack via social media and blockchain analysis. The attackers used highly convincing phishing links combined with SIM-swapping tactics to gain unauthorized access to user accounts on Coinbase.
How the Attack Happened
According to ZachXBT’s investigation, victims were first targeted through phishing emails and fake login pages designed to steal credentials. Once the login details were compromised, hackers executed SIM-swapping attacks to intercept two-factor authentication codes sent to the victims’ mobile devices.
The phrase “Hackers Steal $45M from Coinbase Users in Phishing and SIM-Swap Attacks, Says ZachXBT” perfectly captures the gravity of the situation, which has now raised serious questions about account security even on major platforms like Coinbase.
Coinbase’s Response and Security Measures
Coinbase has acknowledged the breach and is working with law enforcement to track the stolen funds. However, it has also clarified that the attack was not due to a platform vulnerability but rather external social engineering tactics.
While Coinbase offers enhanced security options, this incident proves that phishing and SIM-swapping remain serious threats. The fact that hackers stole $45M from Coinbase users in phishing and SIM-swap attacks should prompt all crypto users to review their own security practices immediately.
ZachXBT Urges Community Awareness
ZachXBT has called on the crypto community to stay vigilant. He emphasized the importance of hardware wallets,Hackers steal $45M from Coinbase email security, and avoiding storing large amounts of crypto in custodial wallets. His findings provide yet another example of SIM-swap crypto scam how easily users can be tricked into handing over access to their assets.
In the thread where Hackers Steal $45M from Coinbase Users in Phishing and SIM-Swap Attacks, Says ZachXBT, he provided transaction IDs and wallet addresses linked to the heist, enabling the community to trace and potentially freeze the stolen funds.
What This Means for Crypto Investors
This incident is a harsh reminder that no user is truly safe,hackers-steal-45m from cyberattacks, even on trusted exchanges. The fact that hackers stole $45M from Coinbase users in phishing and SIM-swap attacks proves that crypto ownership comes with serious responsibilities, especially regarding security.
Investors are encouraged to:
- Enable two-factor authentication using apps (not SMS)
- Avoid clicking suspicious email links
- Use hardware wallets for significant holdings
- Monitor their mobile accounts for unauthorized access
Final Thoughts
As Hackers Steal $45M from Coinbase Users in Phishing and SIM-Swap Attacks, Says ZachXBT, it becomes evident that the crypto world still faces major security challenges. With more money flowing into digital assets, so too does criminal interest grow. Staying informed and proactive is no longer optional—it’s essential.
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