It's funny tho sincce ZachXBT reports issues with them since march:
Code:
It is suspected a Coinbase user was scammed yesterday for $34.9M (400.099 BTC).
Theft address
bc1qvlustvxhqzee9tgqers4tfungrg6c0fs4u76jf
After uncovering this theft I noticed multiple other suspected thefts from Coinbase users in the past two weeks bringing the total stolen this month to $46M+. Funds from each theft were bridged from Bitcoin to Ethereum via Thorchain / Chainfllip and swapped for DAI.
60.164 BTC - Mar 26
bc1qhc72zfqwqh3e6lns5ay084k29tmqlgw75jsxec
46.147 BTC - Mar 25
bc1qd6v3220v49j0xgmycksze59z90gru46dlxg8ff
20.028 BTC - Mar 16
bc1qd59e296yyr8x4gyr53xt4yjmmgukwemetalcuf
Coinbase has not flagged any of the theft addresses from these victims in compliance tools.
Last month I posted an investigation on X about how $65M was stolen from Coinbase users in December 2024 - January 2025 and talked about how Coinbase has quietly been facing a $300M / yr social engineering scam problem affecting its users.