Crypto Investigator, ZachxBT has recently made a big disclosure, stating that a coinbase person 400 Bitcoin Lost, which is more than $ 33.5 million according to today’s cryptocurrency value. This theft was done through social media engineering attack. ZachxBT shared this information on its telegram channel and stated that cyber attacks against major crypto exchanges have seen a significant increase in the first quarter of this year (Q1 2025), especially after 16 March.
According to ZachxBT, this theft is a special wallet address, BC1QVL Has been done through This wallet was mainly used to transfer BTC from Bitcoin to Ethereum. Bridge tools such as Thorchain and Chainflip were used in case of theft, which caused the condition to spoil the condition. If you want to get complete information about Bitcoin What is bitcoin Read this blog.
Coinbase user lost 400 Bitcoin, $ 33.5m theft
Zachxbt reported that during this bitcoin theft, a coinbase person lost 400 bitcoin, which is currently priced around $ 33.5 million. These thieves were using social engineering attacks, targeting US-primarily based Crypto Trade Customers.
Zachxbt also received information about several other coinbase customers in its investigation, whose theft from the wallet was in the first two weeks of March 2025. These thieves have stolen assets worth more than $ 46 million in total. In the last few months, Zachxbt had alerted Coinbase Customers about the attack and even before that he revealed a large fraud, stolen a $ 234 million Bitcoin from a Gemini Creditor.
According to this report, Criminals cheated Coinbase users and stole over $ 65 million during December 2024 and January 2025. Coinbase failed to identify the wallet addresses of the victims in its monitoring system after these attacks.
Just a few days ago, Github Movements Provide Chain Assault was revealed, which has revealed that, Github Assault’s first target coinbase Was. But Coinbase’s security team immediately took action on it and stopped the attack.
Conclusion
After this revelation of Zachxbt, it is very important for Crypto users to understand how the growing dangers in Crypto range can be avoided. Especially the methods of social engineering fraud are constantly developing and to avoid them, users must be vigilant.
