Let’s break some common illusions regarding scammers and the Coinbase platform. First of all, Coinbase is a crypto exchange. Thus, their employees will not approach you for any investments.
Everything you do on the exchange is considered voluntary action, and every transfer you make is out of your own free will. Some scam companies figured that you would not trust an investment platform, especially if you have been scammed before.
Then, their employees started pretending to be exchange employees, such as Binance or Coinbase, and offering you various investments. And that’s how we got a large number of those scammed through Coinbase.com, but not by Coinbase.com.
Coinbase is a crypto exchange that started operating back in 2012. Thanks to a decade on the financial market, the name itself became very popular.
The company has US headquarters under the name Coinbase Inc. and is complying with all the legal laws and directives. Furthermore, Coinbase itself is registered with FinCEN as a Money Services Business and has coverage of up to $250,000.
Internationally, Coinbase usually operates in countries where a license is not necessary or working on obtaining one. All in all, we can say that the Coinbase exchange runs a legitimate crypto business.
However, some scheme CFD trading platforms are exploiting the good name and pretending to be Coinbase employees. That’s how customers are defrauded, and that’s how Coinbase.com loses its reputation and seems guilty.
Lately, numerous people have complained about Coinbase and other crypto exchanges, claiming that the employees scammed them. Sadly, it’s not entirely true. Scam brokers have come to a new idea on how to defraud their customers, especially those who told their brokers in the past that they own a crypto wallet.
First and foremost, you should be aware that Coinbase employees will never ask for your 2FA security code or a password. If someone impersonating the exchange employee requests this information, it should ring a bell immediately.
Besides, the actual Coinbase staff will never ask for remote access to your device. Usually, fraudsters will ask you to download AnyDesk, TeamViewer, ScreenLeap, or a similar remote desktop access app and, through it, access your wallet.
In the end, you should know that the Coinbase staff will never ask you to transfer your crypto to any third-party wallet.
They have no such authorization and cannot request any payments from you. If you’re prompted to transfer your funds or make any deposits, insurance deposits, or similar to any wallet, your transaction is irreversible.
As explained, Coinbase staff will never ask you to transfer any crypto to any other wallet. Thus, you should decline such requests. If, however, some scheme broker convinced you to transfer your funds, keep your eyes opened. You know your funds are transferred to a Coinbase platform, and you know where to look.
Luckily, there is software designed to decrypt crypto transactions and locate the IP address of a server. You can identify the person who has made you transfer the funds through an IP address and alarm the authorities.
Since rarely an average person has enough knowledge and time to deal with it, we would offer you our assistance. Global Fraud Protection worked on numerous cases of stolen crypto and assisted customers in getting their funds back.
While we cannot promise a 100% return, we will give our best to help you find the money and recover it.
The most common tools scammers use are fake phone numbers and emails similar to official Coinbase addresses.
Before you even go into conversation, check the website we provided above. If the phone number or the email doesn’t match official Coinbase communication channels, it’s time for you to stop the conversation.
Furthermore, don’t trust any giveaway scams you see on social media. Scammers are abusing Coinbase’s name and publishing different promotions and contests, asking you to verify your address by sending some crypto to a giveaway address. Don’t fall for it. You will lose your crypto for nothing.
If you were already scammed by someone impersonating Coinbase staff, you could always report it to authorities. While in some countries, police will take the case seriously, in some cases, they won’t be willing to help.
Yet, you always have alternative solutions, such as bank disputes and chargeback companies.
If you asked this question a couple of years back, the answer would probably be no. Crypto transactions were entirely anonymous, and connecting a wallet to an actual person was a big challenge.
Yet, the times have changed. Due to the increased number of scammers, different chargeback companies, including Global Fraud Protection, worked on developing systems and catching scammers.
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