-
Coinbase accused of neglecting security, costing users up to $300M annually
Cryptocurrency investigators ZachXBT and tanuki42 accused Coinbase of failing to address security vulnerabilities and scam incidents that have cost investors millions of dollars each month. On Feb. 3, independent crypto investigator ZachXBT and tanuki42 from zeroShadow reported that Coinbase users lost more than $65 million in December 2024 and January 2025 alone. Still, the duo claimed the losses were even higher, as their calculations do not consider inaccessible police complaints. “Our number is likely much lower than the actual amount stolen as our data was limited to my DMs and thefts we discovered onchain, ... (full story)