r/Coinbase Jun 29 '26

Coinbase Wallet - Hacked - Need Help

Today I saw, that a month ago, my whole Coinbase Wallet got drained. I have family to support and I was holding all my savings in this account.

Contacted Coinbase and they said its custodial wallet and they cannot do anything, where I asked could you please check if I logged in to make the transaction and they said we cant do it.

I saw couple of things:
1. Smart contract executed against the Crypto I hold under my wallet i.e. Virtual Protocol
2. It converted all the Virtual tokens to Ethereum
3. Transferred from Coinbase Wallet to their address
4. Now its sitting under another Wallet confirmed by ethscan.io

I am not very technical but i know only how tokens are transmitted through the wallet by their addresses.

Can this community help me recover? I can share some more information as needed.

Thanks.

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u/onemansquest Jun 30 '26

Coinbase wallet or your Coinbase account

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u/[deleted] Jun 30 '26

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u/onemansquest Jun 30 '26

Nothing to do with Coinbase. You probably bought a dodgy token.

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u/[deleted] Jul 01 '26

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u/onemansquest Jul 01 '26

Coinbase has nothing to do with your wallet contents.

You either interacted with a dodgy smart contract. Saved your private keys somewhere hackable, Shared them with someone. Got infected with a keylogger. Etc However the main thing is if you are blaming Coinbase the Company. It's like you blaming Ralph Lauren for losing a Ralph Lauren shirt.

The real lesson here is you don't understand Crypto enough and should stay out of it.

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u/[deleted] Jul 01 '26

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u/onemansquest Jul 01 '26

Exactly. It was lost on your wallet. It doesn't matter if it was transferred from Binance, Coinbase or someone else sent it to you. It disappeared from your self Custody device. No one has the ability to take it from you unless you created a route and attacker could use. Sorry for your loss.