Coinbase Impersonation Scam Results in $2 Million Theft
- Scam Losses: Recent investigations reveal that impersonation scams posing as Coinbase support agents have resulted in approximately $2 million in cryptocurrency theft, highlighting the growing threat of increasingly sophisticated cybercrime.
- Scam Tactics: The scammers manipulated victims through social engineering techniques, creating a sense of urgency and authority that pressured them into transferring funds, leading to a total theft of around $2 million over the past year.
- Official Warnings: Coinbase emphasizes that its legitimate support team will never ask for passwords or instruct users to transfer funds to 'safe' addresses, urging users to independently verify support communications to avoid falling victim to scams.
- Cybersecurity Landscape: The FBI reports over $16 billion lost to cybercrime in 2024, with social engineering tactics being a primary cause, as stolen personal data significantly enhances the credibility of these scams.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36099.581 | 48049.791 | 60369.601 | 72319.811 | 84639.621 | 96589.831 | 108909.641 |
| Fibonacci | 48049.791 | 57320.938 | 63048.663 | 72319.811 | 81590.958 | 87318.683 | 96589.831 |
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