Hackers stole about $45 million from Coinbase exchange clients in a week

According to an investigation by on-chain expert ZachXBT, hackers have withdrawn $45 million from Coinbase crypto exchange users over the past seven days using fraud and manipulation.

The expert emphasized that in recent months, the total losses of victims have exceeded $300 million since the beginning of 2025, which makes this platform the most vulnerable among the major market players. The schemes remain typical for cybercrime: attackers impersonate support service employees, convincing users to disclose account access data or transfer assets to external wallets. According to the expert, such attacks continue due to weak points in the exchange's security system.

Coinbase's head of security Philip Martin acknowledged that the problem requires a comprehensive solution. He proposed introducing a centralized registry of fraudulent transactions that would allow regulators and law enforcement to combine their efforts.

"This will focus federal government resources on tackling the roots of crime, not just the aftermath," Martin said, calling for joint action with authorities.

ZachXBT noted that the attacks on Coinbase not only increase financial instability for users, but also undermine trust in the crypto exchange infrastructure as a whole.

Earlier, Coinbase co-founder and CEO Brian Armstrong said that the company does not plan to follow Strategy's (formerly MicroStrategy) strategy of investing corporate reserves in bitcoin.