According to Miles Deutscher, the most effective way to undermine cryptocurrency markets is through internal sabotage, including promoting hyper-gambling and scams, using bots for social engineering, and manipulating prices both upward and downward. These actions can destabilize the market and deter genuine retail investors, potentially leading to significant trading volatility. (Source: Twitter @milesdeutscher)

According to ZachXBT, there is an increasing trend of phishing scams targeting Coinbase users. These scams involve spoofed phone calls and texts impersonating Coinbase support, directing victims to phishing sites identical to the official Coinbase site. The perpetrators employ social engineering tactics using personal information acquired from private databases. Traders should remain vigilant and verify any communication purportedly from Coinbase to avoid falling victim to these scams. (Source: ZachXBT)

According to ZachXBT, there is a significant increase in phishing scams targeting Coinbase users. These scams involve spoofed phone calls and texts impersonating Coinbase support, combined with phishing sites that mimic the actual Coinbase website. Attackers use personal information from private databases to execute social engineering tactics. This poses a direct threat to traders as it could lead to unauthorized access and potential financial losses. Traders should ensure they verify any communication purportedly from Coinbase to protect their assets. Source: ZachXBT on Twitter.