Large-Scale Phishing Attack Targets Coinbase Users with Fake Wallet Migration

A large-scale phishing attack is targeting Coinbase users by pretending to be a mandatory wallet migration. Recipients are prompted to set up a new wallet with a pre-generated recovery phrase controlled by the attackers. This phishing campaign aims to deceive users into believing they need to migrate their wallet for security reasons, leading them to disclose their sensitive information. The impacts of this attack include the risk of loss of funds and compromise of user accounts.