Crypto users have reported a rise in scam emails made to look like they’re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers.

In several examples data-ct-non-breakable=”null” href=”https://x.com/Lucky8Token/status/1900569952853057652″ rel=”null” target=”null” text=”null” title=”null”>posted to X, the email claims to be from Coinbase, asking users to transition to data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/crypto-wallets-explained” rel=”null” target=”null” text=”null” title=”null”>self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.

However, it also provides data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/what-is-a-seed-phrase-and-why-is-it-important” rel=”null” target=”null” text=”null” title=”null”>pre-generated recovery phrases….

Crypto users have reported a rise in scam emails made to look like they’re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers.

In several examples data-ct-non-breakable=”null” href=”https://x.com/Lucky8Token/status/1900569952853057652″ rel=”null” target=”null” text=”null” title=”null”>posted to X, the email claims to be from Coinbase, asking users to transition to data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/crypto-wallets-explained” rel=”null” target=”null” text=”null” title=”null”>self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.

However, it also provides data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/what-is-a-seed-phrase-and-why-is-it-important” rel=”null” target=”null” text=”null” title=”null”>pre-generated recovery phrases….