Scam Alert: Fake Emails Target Coinbase and Gemini Users

2025年03月17日

A new scam alert is making the rounds, tricking people into giving away their funds. If you’ve received an email telling you to move your assets from Coinbase or Gemini to a self-custody wallet, think twice before taking action.

Fake emails posing as Coinbase and Gemini trick users into using a pre-generated recovery phrase. Pay attention to the situation and beware of this scam alert.

How the Scam Works

The scam email instructs users to create a new wallet using the provided recovery phrase. But here’s the problem: whoever controls the recovery phrase controls the wallet. Scammers can drain everything once a user sets up the wallet and transfers funds.

The email even claims that Coinbase is now a registered broker and can no longer hold assets. This is entirely untrue.

Coinbase has already confirmed that this is a scam and has reminded users:

Gemini is also targeted with the same fake email, using similar wording to fool its users.

Why This Matters

Scam attempts like this are nothing new, but they’re getting more sophisticated. Blockchain security firm CertiK reports that phishing attacks cost crypto users over $1 billion in 2024 alone.

This isn’t the only scam happening right now. Hackers posing as business partners on fake Zoom calls have targeted some crypto founders. During the call, they send a message about an “audio issue” and trick victims into downloading malware.

How to Stay Safe from Crypto Scams
  • Never use a recovery phrase given to you by someone else.
  • Check every email communication with Coinbase or Gemini directly by their website instead of clicking on email links.
  • Be cautious of urgent deadlines—Scammers pressure people into acting fast.
  • If something feels off, don’t take action—Always double-check.

Conclusion

This scam alert shows that experienced crypto users are still susceptible to this scam. Scammers continue to develop intricate methods that require verification before taking action.

If you receive fake emails from Coinbase or Gemini, report them quickly. Remember that receiving a recovery phrase from anyone other than you represents a danger.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.

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Bond King Jeffrey Gundlach Predicts $4,000 Gold Incoming

2025年03月17日

Bond King Jeffrey Gundlach Predicts $4,000 Gold IncomingGundlach believes that gold might be able to reach this price on top of higher demand from central banks, which are using it as a hedge against the constant fluctuations of the financial system. Bond King Jeffrey Gundlach Bold Gold Prediction: $4,000 in Sight While gold has been on a roll lately, reaching an all-time […]

This New DeFi Token Could Overtake Cardano (ADA) As It Raises Over $3.6 Million In Record Time

2025年03月17日

Mutuum Finance (MUTM) has over $3.6 million presale funding and is set to challenge Cardano (ADA) and other crypto market upper echelons. Currently outside the top 10 in market cap, ADA’s supremacy is under pressure from the innovative lending protocols of MUTM and aggressive presale progress that will bring in investors. With the next stage pushing the price up to $0.025, a 25% increase highlights increasing urgency to purchase before prices continue on their upward trajectory.

Mutuum Finance’s presale momentum strategy

Excitement mounts for an exchange debut as Phase 3 of Mutuum Finance presale fills fast Investors buying tokens now can expect to see 200% returns as soon as MUTM lists at the $0.06 price point that’s baked into its tokenomics. Beyond its launch price, projections indicate an increase to $2.50 by the end of 2025, which is a 12,400% return on investment (ROI) for early participants. The returns are astronomical relative to average market returns, driven by phenomena such as revenue-generating token buybacks and mtTokens that accrue value via interest-bearing deposits.

Its overcollateralized lending model reduces risk, as borrowers must lock up assets worth more than what they borrow. A peer-to-peer functionality adds further utility and allows direct negotiations for niche assets, such as meme coins. Along with this, a $100,000 giveaway incentivizing early participants will generate a whitelisting system and a self-sustaining ecosystem, where the demand for the MUTM grows organically; the first component of both WEB3 and DeFi.

Cardano’s Place Examined

Cardano (ADA) remains one of the top-10 crypto assets by market cap — but its growth trajectory has noticeably slowed in the face of intense DeFi competition. ADA’s proof-of-stake model does pioneer energy efficiency, but its ecosystem currently lacks the real-time financial tools on which Mutuum Finance prioritizes. With a focus on lending, borrowing and passive income generation, MUTM is offering real solutions that are a far cry from speculative promises, something investors are responding well to, looking for assets that are based on practical use.

Analysts says ADA’s performance in 2025 will depend on how the network upgrade plays out and how many users adopt the new tech. Hopeful predictions simply cannot keep up with the potential for a 2,400% ROI following Mutuum Finance’s launch. As DeFi moves towards platforms combining security with high-yield mechanics, the structured tokenomics and buy pressure systems found on MUTM should allow it to better capitalize on emerging trends than legacy blockchains.

What’s Behind the Surge in Phase 3 Demand

Phase 3 tokens are $0.02, and investors know the clock is ticking to secure MUTM before the next valuation increase. The transition to Phase 4 will increase prices to $0.025, providing existing buyers with an immediate 25% profit. The real motivation, though, is the $2.50 post-listing target — an amount that demonstrates faith in Mutuum Finance doing for decentralized lending what Cobbazied did for Defi mining.

Furthermore, token allocations prioritize ecosystem sustainability: 35% underpins liquidity mining, 20% supports collaborations, and 15% maintains tradability. Such strategic distribution safeguards against market saturation, which is often seen with presale tokens. Furthermore, the buy-and-distribute model redirects platform revenue back into constant token purchases, forming cyclical demand which guards MUTM against erratic sell-offs.

Time is critical. Mutuum Finance’s presale has already attracted thousands on the hunt for exponential gains, and the remaining tokens in Phase 3 are rapidly depleting. Numbers don’t lie: An investment of $500 today could mean over $60,000 should projections hold, with a $2.50 price target following launch. 

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://www.mutuum.finance/
Linktree: https://linktr.ee/mutuumfinance