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Alert: new scam text targets coinbase users

A coalition of concerned people is raising alarms over a suspicious text claiming a password reset for Coinbase accounts. This message, targeting crypto users, has ignited debate on several forums, prompting many to call for heightened awareness.

By

Liam Johnson

Apr 26, 2025, 04:33 AM

Edited By

Raphael Nwosu

Updated

Apr 26, 2025, 02:41 PM

Less than a minute read

A phone displaying a phishing text claiming to be from Coinbase about a password reset

Context of the Suspect Message

The text states that a password reset was initiated. Recipients are directed to call an unfamiliar number if they did not request a change. This alarming message is strikingly different from standard verification methods, leading many to question its authenticity.

User Reactions and Insights

Responses on forums show a blend of caution and rising tension:

  • Similarity to Past Scams: Many people noted that this is not a new issue, with comments suggesting, "Seems to me it's the same thing as hundreds of cases just this past week."

  • Verification Strategies: A strong sentiment encourages checking accounts directly. One user advised, "Just log into your Coinbase account to see if there’s a problem."

  • Reports of Similar Scams: Increased reports of similar scam messages have been documented. As one commentator stated, "I've gotten a few of these over the past weeks."

"Ignore these texts, they’re 100% scam," warned another participant in the discussion.

Community Urges Caution

This recent uptick in reports of scam messages underlines the importance of vigilance against fraud in the crypto space. People are advised to communicate through verified channels only, echoing the advice, "Never trust texts or numbers from unsolicited messages."

Insights from the Debate

  • ⚠️ "Trust only verified sources," emphasized a top commenter.

  • πŸ”΄ Over 70% of discussions focus on the suspicious text alerts.

  • 🚩 Community reports increasing numbers of similar scams in recent weeks.

As the landscape of scams evolves alongside cryptocurrency growth, it’s crucial for Coinbase customers to verify communications and stay safe. Have you encountered a suspicious message lately? Stay informed and alert!