The post ZachXBT traces $2M Canadian impersonator appeared on BitcoinEthereumNews.com.

A new report on a complex fake Coinbase scam shows how a Canadian fraudster used support impersonation to steal millions in digital assets from platform users. Canadian support impersonator steals over $2 million A Canadian scammer posing as a support executive from crypto exchange Coinbase allegedly stole over $2 million in crypto from unsuspecting users through highly targeted social engineering schemes. Moreover, the individual repeatedly presented himself as a legitimate Coinbase support agent during calls and chats to win victims’ trust. Independent on-chain analyst ZachXBT traced the scheme by cross-referencing wallet activity, Telegram accounts, and social media posts. According to his findings, the fraudster spent the proceeds on rare social media usernames, bottle service, and gambling, highlighting how quickly illicit crypto gains can be converted into a lavish lifestyle. How the social engineering crypto scam operated The investigation, detailed in a post on X dated Dec. 29, describes a sophisticated social engineering crypto scam in which the attacker convinced Coinbase users that he was a genuine support representative. However, behind the scenes, he was systematically guiding victims into making unauthorized transactions that funneled funds into wallets he controlled. For those unfamiliar with the tactic, social engineering, often called human hacking, relies on psychological manipulation rather than technical exploits. Attackers pressure or deceive individuals into revealing sensitive information or approving transfers, making it one of the most effective cryptocurrency wallet theft methods currently observed in retail-focused fraud. In one leaked video shared by ZachXBT, the scammer can be seen pretending to be a Coinbase support agent while speaking with a user. During the call, he inadvertently reveals an email address and his Telegram handle, which investigators then used to tie his identity to various online profiles and crypto wallets. Tracking the suspect behind the Coinbase support impersonation Throughout the campaign, the…

---

Filed under: News - @ December 30, 2025 9:26 am