Over $2M Cryptocurrency Scam Targeting Coinbase Users Uncovered
- Scam Methodology Exposed: Prominent blockchain investigator ZachXBT has uncovered a sophisticated social engineering scam targeting Coinbase users, which has siphoned off over $2 million in cryptocurrency over the past year, highlighting the increasing prevalence of cybercrime.
- Victim Losses: The scammer impersonated Coinbase customer support to gain access to user accounts, quickly draining funds and laundering them through multiple crypto wallets, indicating a significant vulnerability in user security measures.
- Funds Flow Analysis: Investigations revealed the scammer flaunted a wallet holding over $230,000 in Telegram group chats, and swiftly converted stolen funds into Bitcoin via instant-exchange services, likely to obscure the trail of illicit transactions.
- Security Warning: ZachXBT emphasized the ongoing threat of phishing and customer-service impersonation attacks against crypto users, urging exchanges to strengthen identity verification protocols to protect users from such scams.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000599 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.000011 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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