A recent security breach at Coinbase has raised concerns about potential phishing scams targeting users. The exchange revealed an employee may have accessed user data without authorization, violating internal policies. This information was shared publicly by Mike Dudas, co-founder of The Block, prompting wider awareness. Emails from Coinbase detail the incident and a growing problem with scammers impersonating the platform to steal user funds. Coinbase explicitly stated that they will never ask customers to move or alter their cryptocurrency holdings. They also confirmed an internal investigation following evidence suggesting one employee accessed customer accounts, including Dudas’ own. This breach has sparked speculation about potential employee involvement in phishing scams, which have been increasingly common among crypto users. Experts like crypto trader Jordan Fish pointed to a possible trend of attackers exploiting employees for access. ZachXBT, a prominent crypto researcher, revealed Coinbase user losses amounting to over $46 million due to phishing attacks during the past month alone. Coinbase is currently investigating these claims and promising updates on the situation while acknowledging concerns about potential data breaches. The company remains committed to transparency and informed the public about their investigation.