# How Coinbase users lose $300M+ per year to social engineering scams

Source: https://xcancel.com/zachxbt/status/1886411879939031530
Kiwi News: https://news.kiwistand.com/stories/How-Coinbase-users-lose-dollar300M-per-year-to-social-engineering-scams?index=0x67a1d0c83474288964b4e6efac42760c7747f6fd700e709992d8537875271f7a7d6fecea
Submitted by macbudkowski.eth on 2025-02-04 UTC, 2 upvotes, 0 comments

1/ Over the past few months I imagine you have seen many Coinbase users complain on X about their accounts suddenly being restricted. 

This is the result of aggressive risk models and Coinbase’s failure to stop its users losing $300M+ per year to social engineering scams.