Retiree Suffers $2 Million Crypto Heist: Scammers Exploit Social Engineering

A retired artist’s life savings were stolen in a sophisticated cryptocurrency scam, shedding light on the vulnerability of even hardware wallets to social engineering tactics. Ed Suman lost over $2 million after scammers posing as Coinbase employees convinced him to compromise his security. His story underscores the continued risks associated with scams targeting individuals unfamiliar with technical details and raises concerns about the overall security of crypto exchanges.