PANews reported on May 18th that according to Cointelegraph, 67-year-old retired artist Ed Suman fell victim to a scam by fake Coinbase customer support earlier this year, losing cryptocurrency worth over $2 million, including 17.5 bitcoins and 225 ethereum. This portfolio contained most of his retirement savings.
Ed Suman stored his funds in a Trezor Model One hardware wallet to avoid the risk of exchange hacking. However, in March, Suman received a text message seemingly from Coinbase warning him of unauthorized account access. After responding, he received a call from a man claiming to be Coinbase security personnel Brett Miller. The caller accurately pointed out that Suman's funds were stored in a hardware wallet. The scammer convinced Suman that his wallet still had security risks and guided him to complete a so-called "security procedure", inducing him to enter his seed phrase on a fake Coinbase interface website. Nine days later, a second caller claiming to be from Coinbase repeated this process. After the call ended, all of Suman's cryptocurrency was stolen.
