A Waterford man lost his entire crypto wallet, valued at $85,000, after being scammed via a fake call purporting to be from Coinbase. He was tricked into transferring his funds to a false wallet. The police are seeking information about the case, which highlights the risks of crypto scams.
A resident of Waterford has reported a significant financial loss after falling victim to a sophisticated scam involving a fake Coinbase call. The man, residing in the 5500 block of Spring Brook, informed authorities that he received a suspicious message on his phone dated April 24, 2025, at approximately 8:18 pm.
According to his statement to the Troy police, the message claimed that a request to reset his Coinbase password was initiated without his intention. To address this supposed issue, he was instructed to call a number provided in the message if he hadn’t made this request himself.
Upon making the call, the victim was guided through a series of instructions which ultimately led him to transfer all his funds from his Coinbase wallet to what he was falsely told was another Coinbase-operated wallet. The man complied with these instructions, but soon after completing the transaction, he discovered that all of his assets, totalling around $85,000, had vanished.
Once he grasped the gravity of the situation, he understood he had been scammed. This incident serves as a stark reminder of the ever-present threat of cryptocurrency scams. Authorities are urging anyone with further information about this incident to share it with the local police department or call Crime Stoppers at 1-800-Speak-Up.
Remember, all tips provided to Crime Stoppers are treated as confidential and anonymous. For those looking to submit information online, they can do so through Crime Stoppers’ website.
