Scammers posing as Coinbase representatives defrauded cryptocurrency users out of $1.7 million. Victims reported that scammers called them claiming to be from Coinbase security and sent them emails that appeared to be official messages from Coinbase. They claimed that the victim's wallet "connects directly to the blockchain," which triggers transactions from the wallet. The scammers directed the victim to a website to enter their seed phrase and stop transactions. A few hours later, $1.7 million was stolen from their wallet. 😱 In the first half of 2024, approximately $1.19 billion was lost due to cryptocurrency security incidents.