Fake Coinbase Scam: Hash Power Event and Withdrawal Fees

The name of one of the world's best-known crypto exchanges has now been used to persuade people to join a "seven-day hash power event". On an interface made to look like Coinbase, small and then steadily larger amounts were deposited; at the withdrawal stage a security deposit was requested first, and then a fee on the grounds of "data loss".

🚩 The Payment Chain Step by Step

🔍 How It Differs from the Real Coinbase

Coinbase is a genuine US-based crypto exchange and has no relationship with the scheme described in this article. On a real exchange, no outside security deposit is paid in order to withdraw, no time-limited investment package is sold under the name "hash power event", and the support team cannot delete the chat history. The name has been borrowed only to create trust.

Schemes of this kind are assessed as qualified fraud committed using computer systems as a tool, under Article 158/1-f of the Turkish Penal Code.

🔗 Other Schemes Using Well-Known Exchange Names

We have covered before schemes that borrow the name of a known exchange and set up a chain of fees at withdrawal:

🧭 The Legal Process

In transfers made through crypto, the trail is followed through the exchange accounts to which the money was movedTR. Routes for getting money back and the stages from investigation to indictmentTR depend on the nature of each case. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions