Received this fraudulent text:nnYour Coinbase withdrawal code is: 516209. Please do not share this code with anyone. If you have not requested this, please call: (707) 371-8638 REF: CB1076.
đźš© Scam Indicators
Unexpected OTP or withdrawal alert: Texts like “Your COINBASE withdrawal code is 1243218… call us if this wasn’t you” are fabricated.
Scammy phone numbers: Messages often come from unknown numbers prompting you to call them, a key red flag.
Urgency tactics: They always try to induce panic—e.g., “call immediately if not you” .
Coinbase never texts transaction codes: AOL’s guide says, “Coinbase does not send out texts to verify transactions”—so any such text is fraudulent.
🛡️ How to Protect Yourself
Don’t respond or call the number—these scammers are fishing for personal info.
Report the message:
Use your phone’s “Report Junk” feature.
Forward the SMS to 7726 (SPAM) to alert carriers.
Email a screenshot to security@coinbase.com.
Check activity via official channels:
Go directly to the Coinbase app or website to confirm any real activity—don’t click links or call numbers from the text.
Enable strong security:
Use 2-factor authentication with an authenticator app (not SMS-based).
Stay informed about scams: Coinbase’s security page offers tips on spotting phishing and fake sites .
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