Coinbase User Security Alert: Canadian Scammer Exposed in $2M Crypto Theft via Support Impersonation

In a stark reminder of the persistent security threats facing cryptocurrency users, blockchain investigator ZachXBT has exposed a sophisticated $2 million theft scheme involving the impersonation of Coinbase support staff. The investigation reveals critical vulnerabilities in user verification processes and highlights the evolving tactics of threat actors targeting major exchange platforms.

Canadian Scammer Exposed in $2M Crypto Theft via Coinbase Support Impersonation

Blockchain investigator ZachXBT has unmasked a Canadian threat actor known as Haby or Havard, linking him to a $2 million cryptocurrency theft scheme. The scammer posed as Coinbase support staff, contacting users via phone calls and directing them to transfer funds to attacker-controlled wallets.

Evidence emerged on December 30, 2024, when Haby posted a screenshot boasting a 21,000 XRP ($44,000) theft from a Coinbase user. ZachXBT's forensic analysis matched the wallet address to two additional thefts totaling $500,000, with stolen XRP being swapped to Bitcoin through instant exchanges.

Social media leaks proved damning. A February 2025 group chat screenshot showed Haby flaunting a $237,000 bitcoin balance - the wallet address matched ZachXBT's earlier findings. This led to the discovery of three more impersonation thefts worth $560,000.

The scammer's carelessness was his downfall. An Instagram post leaked device details ('Harvi's MacBook Air'), while associates warned him against 'flexing' his illicit gains. The digital breadcrumbs created an irreversible chain of evidence across blockchain ledgers and social platforms.

Bitcoin Veteran Investors Hold Firm As Sell-Side Activity Declines – An End To Distribution?

Bitcoin briefly touched $90,000 before retreating, yet a notable shift is emerging among long-term holders. Selling pressure from this cohort has eased, signaling potential accumulation. Market analyst Darkfost challenges the narrative of mass sell-offs, citing adjusted data that excludes Coinbase's 800,000 BTC movement.

The resilience of veteran investors—those holding BTC for over six months—contrasts with recent volatility. Their reduced selling activity suggests growing confidence in Bitcoin's long-term value proposition. Short-term holders remain the primary source of market turbulence.