Security PSA: Sha Zhu Pan (Pig Butchering) Investment Scams

Tl;dr Coinbase has seen a concerning increase in fraudulent cryptocurrency investment platforms that are sourcing victims through connections on dating apps and social media. We are encouraging our users to be vigilant against this type of social engineering scam.

The Coinbase Security team has previously submitted the domains in this blog, in addition to several other related domains, to Google Safe Browsing for alerting users when browsing to these sites.

By Coinbase Global Investigations, Trust & Safety, and Threat Intelligence Teams

Coinbase works closely with law enforcement partners across the globe to protect our customers from an array of targeted cyber attacks. Recently, a noteworthy increase in scams purporting to be foreign exchanges or crypto trading platforms that are spread by scammers who use dating apps to lure victims. While investment scams and romance scams are not unique to the cryptocurrency ecosystem, t ..

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