Watch out, Coinbase users: A nasty new wallet-draining scam is doing the rounds

Cybersecurity experts have warned of an elaborate scam targeting customers of cryptocurrency exchange Coinbase. Researchers from security firm PIXM recently discovered an email campaign whereby attackers masquerade as Coinbase to trick people into handing over their account credentials. In the email, the user is warned that their account needs attention due to an “urgent matter”.

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