Fake Coinbase Texts Led to $900K Bitcoin Theft, US Seeks Seized Crypto

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Scammers impersonated Coinbase through text messages and social engineering, persuading a victim to disclose information that enabled the theft of approximately $900,000 in Bitcoin. U.S. authorities are seeking forfeiture of the stolen cryptocurrency, highlighting that digital assets can be traced and recovered through legal action even after illicit transfers. The case underscores persistent phishing risks and the need to verify exchange communications independently and protect account credentials.

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