The scam started with a fake Coinbase notification about an account issue. It directed the victim to act fast. The scammer, calling himself “Mark Simmons,” provided a fake phone number. After the victim transferred funds to “resolve the issue,” their Coinbase wallet showed a zero balance. Tracing revealed the funds were cashed out at FixedFloat. The phishing attempt mimicked Coinbase’s notifications perfectly, which made it feel real.

We know how devastating this is. Losing $190,000 in Bitcoin isn’t just about money—it’s about trust. That’s why we immediately got to work. Our team traced the stolen Bitcoin to its cash-out point.

If you’ve seen something similar, it’s likely a scam. Push notifications like these are a big red flag. Coinbase never asks users to move funds this way. Always verify messages through official channels. This case proves how skilled scammers can be. It also shows how blockchain forensics can give you a fighting chance.