Crypto users report new scam emails spoofing Coinbase, Gemini

March 17, 2025

, By Cointelegraph

Crypto users report new scam emails spoofing Coinbase, Gemini

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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 posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.

Coinbase — Source: Steve Kaczynski

However, it also provides pre-generated recovery phrases….

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Crypto users report new scam emails spoofing Coinbase, Gemini

March 17, 2025

, Published By Cointelegraph

Crypto users report new scam emails spoofing Coinbase, Gemini

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 posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.

Coinbase — Source: Steve Kaczynski

However, it also provides pre-generated recovery phrases….

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Buy, sell, and pay: 5 insights into SEA’s payments landscape

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Apple now sells a two-story ‘AirPower’ charger

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