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Stock impact report

Coinbase users lose millions to alleged Brooklyn scammer [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Brooklyn District Attorney Eric Gonzalez announced on Dec. 19 that his Virtual Currency Unit indicted a local 23-year-old man for allegedly posing as the exchange's representative, making about 100 Coinbase users believe that their digital assets are at the risk of getting hacked, and tricking them into transferring their assets to a new wallet that he controlled. Related: Coinbase stock surges after new India announcement The man then allegedly used crypto mixing and crypto gambling services to launder the stolen funds. The DA's Office further claimed that the defendant's home IP address was linked to multiple wallets associated with the theft of crypto assets. He also used online forums to recruit others to work for him and even brag about his criminal exploits, the Office further claimed. The accused allegedly bragged about his exploits on the encrypted social messaging applications like Discord and Telegram Coinbase Q3 earnings beat estimates Coinbase sues 3 U.S. stat Show less Read more
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