Coinbase fires compromised agents in India— Report

Quick Summary:

He said a scammer notified him his Coinbase account had been compromised, asked him to verify his personal information, to which the criminals likely had access through the compromised agents, and requested he withdraw all his funds to a “Coinbase self-custodial wallet.”“I called them out at the end of the call telling them they need to step up their game [...],” said Wang on X.“They told me that had made $7m that day.”Cointelegraph reached out to Martin and Coinbase for comments, but had not received responses at the time of publication.

According to a May 15 Fortune interview, Coinbase's chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals.

The CSO’s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million in remediation and reimbursement.

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Article Details

Author / Journalist: Cointelegraph by Turner Wright

Category: Crypto

Markets: United StatesIndia

Topics: Martin Agents Based Data India According User Access Attacks Customer Coinbase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 17:36:01 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28732787

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Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

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Coverage Areas: United States

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Publisher ID: #11

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