ZachXBT Exposes $2M Canadian Coinbase Scam - Here’s How They Did It
Another day, another crypto scam—but this one had a Maple Leaf twist. Blockchain sleuth ZachXBT just pulled back the curtain on a sophisticated $2 million fraud operation targeting Canadian Coinbase users.
The Anatomy of a Modern Heist
Forget old-school bank robberies. This crew bypassed traditional security through social engineering and SIM-swapping tactics. They didn't need masks—just convincing impersonations and compromised phone numbers.
The $2 Million Question
Where did that money go? Through a maze of wallets and exchanges, naturally. The trail highlights how digital assets can move across borders faster than regulators can say 'compliance.'
Platforms on Notice
When a major exchange like Coinbase gets exploited, it sends shockwaves through the industry. Security teams are now scrambling to patch similar vulnerabilities—because where there's one successful exploit, copycats follow.
The Eternal Cat-and-Mouse Game
Scammers innovate, investigators adapt. ZachXBT's revelation isn't just about recovering funds—it's a blueprint for future prevention. Every exposed method makes the next scam slightly harder to execute.
Remember: In crypto, if something seems too good to be true, it probably is—unless it's a banker's bonus, then those fantasy numbers are somehow always real.
Blockchain sleuth ZachXBT exposed Haby (Havard), a Canadian from Abbotsford near Vancouver, who stole over $2 million from Coinbase users over a year by posing as support staff. He used social engineering for remote access, drained wallets like a $44,000 XRP theft and $237,000 Exodus balance, swapped to BTC via instant exchanges, and blew funds on rare Telegram usernames, club bottle service, and gambling. ZachXBT’s 12-post thread traced the theft through screenshots, emails, and blockchain data, earning crypto community praise and calls for RCMP intervention.
