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

Fraudulent texts posing as Coinbase allegedly led to the theft of 33.7 bitcoin from two wallets held within one account. The bitcoin was worth approximately $900,000 at the time of the theft. Federal prosecutors now seek to forfeit cryptocurrency traced to part of it. Fake Coinbase Texts Exposed Two Wallets in One Account A beneficiary […]
Key Takeaways
- Fraudulent texts posing as Coinbase allegedly led to the theft of 33.7 bitcoin from two wallets held within one account.
- The bitcoin was worth approximately $900,000 at the time of the theft.
- Federal prosecutors now seek to forfeit cryptocurrency traced to part of it.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Tokenized Stocks Hit $3.6B as Avalanche and Solana Split the Market
Tokenized stocks now represent a $3.6 billion market across 4,555 assets, but the latest growth is dividing sharply between institutional capital and retail activity. Avalanche Leads Tokenized Stock Growth as Solana Wins New Users Tokenized equities are…

Bybit Lets Institutions Use Franklin Templeton Tokenized Fund Shares As Collateral
Bybit and Franklin Templeton have launched an off-exchange collateral program for eligible institutional clients. Tokenized money-market fund shares issued through Franklin Templeton’s Benji platform can be pledged while clients trade on Bybit. The structure…
Grayscale Names 4 Crypto With Real Digital-Currency Use
Grayscale has spotlighted four cryptocurrencies built for digital-currency use within its Currencies sector, singling out Zcash as the asset with the most room to grow. Zach Pandl, Grayscale’s Head of Research, argues that Zcash could gradually capture part…