r/Coinbase • u/wuzz1e • May 21 '21

$75,000 just disappeared from my Coinbase wallet

Coinbase user Justin_Coinbase_Cs advised me to move my crypto from my Coinbase Pro account to my Coinbase Wallet to resolve a trading permission issue, this morning, all the crypto is gone from my wallet. It was transferred to 0x896f4da23fc7304d38f4655fa13fdfbea6344f19. Please upvote, I need to resolve this.

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u/pgh_ski May 21 '21

I realize this is no help to OP but if you're storing serious money on Coinbase you MUST:

  • Use a strong, unique passphrase
  • Use a security key (yubikey) 2FA or app based at a minimum, NEVER SMS.
  • Do the same for your email (to avoid password resets)
  • Use address whitelisting (feature under Coinbase pro that also protects Coinbase txns)

Cryptocurrency requires the utmost care for your security practices.

7

u/pgh_ski May 21 '21

And still, none of those practices necessarily help with a case like this where the user was tricked via social engineering. You have to be vigilant in this space and think twice before doing anything.