A Coinbase user has reportedly lost 110 cbBTC, valued at $11.5 million. The loss occurred after the user fell victim to a social engineering scam on Base, the Ethereum layer-2 network backed by the exchange.

On January 31, blockchain investigator ZachXBT uncovered the exploit, linking it to a broader pattern of fraud affecting Coinbase users.

ZachXBT Exposes $150 Million Stolen in Growing Coinbase Fraud Crisis

According to ZachXBT, the stolen cbBTC—Coinbase’s wrapped Bitcoin product—was swiftly laundered across multiple instant exchanges. The attacker swapped, bridged, and moved the funds through various platforms before consolidating them with other stolen assets on Ethereum. These actions make recovery nearly impossible.

The investigator pointed out that this incident is part of a growing trend, with multiple Coinbase users suffering similar losses. He estimates that scams of this nature have drained at least $150 million from Coinbase customers.

“Coinbase has a serious fraud problem. I just uncovered many more recent thefts from Coinbase users. The $150 million stolen from Coinbase users in a year is just from thefts I independently confirmed. So it’s more than likely multiples of this number,” ZachXBT stated.

Coinbase has not yet commented on the latest exploit. However, scams involving fraudsters impersonating Coinbase support have become increasingly common.

These attackers use phishing emails, spoofed calls, and other deceptive tactics to trick victims into revealing private keys or login credentials. Once they gain access, they drain wallets, move funds, and take control of accounts.

Last December, a Coinbase Commerce vendor lost $15.9 million with no intervention from the exchange’s anti-money laundering (AML) system. Before that, an imposter stole $6.5 million in October 2024 using a phishing scheme while pretending to be part of Coinbase’s support team.

“I receive inbounds every week from Coinbase users falling for targeted social engineering scams which result in millions of dollars of losses each month. Coinbase does not help the victims and no other major exchange has this same issue. The leadership is completely out of touch with actual threats and cites obscure internal policies to abscond itself of any responsibility even when it’s the right thing to do,” ZachXBT wrote on X (formerly Twitter).

These incidents highlight growing security concerns for Coinbase users. As the largest crypto exchange in the US, the company faces increasing pressure to improve fraud detection and safeguard its customers from sophisticated cyber threats.

If these scams continue unchecked, they could further erode trust in centralized exchanges and highlight the urgent need for improved security protocols.

VIRTUAL price is undergoing a sharp correction, dropping 58.7% in the last 30 days and 15% in the past 24 hours. Its market cap now sits at $1.23 billion, marking a significant decline as bearish momentum strengthens.

Technical indicators reflect this weakness, with ADX rising, confirming the downtrend, while BBTrend remains negative despite some improvement. As VIRTUAL continues trading below $2, the next move will depend on whether it can break resistance and recover or lose support and extend its decline.

VIRTUAL ADX Shows the Current Downtrend Is Getting Stronger

One of the leading AI agent tokens, Virtuals Protocol, has sustained a week-long decline driven by the latest DeepSeek hype. The token’s ADX (Average Directional Index) is currently at 22.5, rising from 15.3 just a day ago, indicating a strengthening trend.

The ADX measures the strength of a trend on a scale from 0 to 100, with readings below 20 signaling a weak trend and above 25 confirming a strong one.

Values between 20 and 25 suggest a transition phase, where momentum is building but not yet fully established.

With VIRTUAL in a downtrend, the rising ADX suggests that bearish momentum is intensifying. If ADX continues increasing above 25, it would confirm that the downward trend is gaining strength, making a recovery more difficult.

However, if ADX stabilizes or starts declining, it could indicate that selling pressure is weakening, potentially allowing the price to consolidate or reverse.

VIRTUAL BBTrend Has Been Negative Since January 20

VIRTUAL’s BBTrend is currently at -15.5, having remained negative since January 20, with a negative peak of -36.5 on January 30.

BBTrend (Bollinger Band Trend) is an indicator that measures trend strength and direction based on Bollinger Bands. Positive values indicate an uptrend, while negative values signal a downtrend, with more extreme readings suggesting stronger momentum in either direction.

Although still negative, VIRTUAL‘s BBTrend improved from -36.5 to -15.5. This suggests that the downtrend is weakening. If BBTrend continues rising toward neutral (0), it could indicate that selling pressure is fading, allowing for stabilization or potential recovery.

However, if the BBTrend turns lower again, it would confirm that the bearish trend remains strong, increasing the likelihood of further downside.

VIRTUAL Price Prediction: Will VIRTUAL Continue Trading Below $2?

VIRTUAL price is currently trading within a range between support at $1.77 and resistance at $1.99, with price movement showing signs of consolidation. If the $1.99 resistance is broken, it could signal the start of a stronger uptrend, pushing VIRTUAL toward $2.22 and $2.42 as the next key levels.

A resurgence in crypto AI agents hype could further fuel momentum, potentially leading to a recovery toward $3.14, a level not seen in recent weeks.

On the other hand, if support at $1.77 fails, VIRTUAL price could extend its downtrend, with $1.35 as the next major level to watch.

This would mark its lowest price since December 9, 2024, reinforcing bearish sentiment and making VIRTUAL even more distant from other AI coins, such as RENDER, FET, and TAO, in market cap.

The price of Litecoin (LTC) has dropped 7% in the last 24 hours, bringing its market cap to $9.33 billion. Despite this decline, technical indicators show mixed signals. The RSI sits in a neutral zone, while Ichimoku Cloud suggests uncertainty around the altcoin’s next move.

The EMA structure for Litecoin remains bullish overall, but the shortest-term EMA is sloping downward. If the trend continues, this could lead to a death cross. With LTC at a critical point, a breakout could see it gain 14% to $141, while further weakness could push it down 14% to $106.

Litecoin RSI Is Currently Neutral

Litecoin RSI is currently at 49.5, down from 69.6 just two days ago. This indicates a shift in momentum as the price dropped 7% in the last 24 hours, even after recent positive developments in its ETF applications.

The Relative Strength Index (RSI) is a momentum indicator that measures price strength on a scale of 0 to 100. Levels above 70 indicate overbought conditions, and below 30 suggest oversold conditions.

A reading between 40 and 60 typically signals market consolidation, where neither buyers nor sellers have clear control.

With LTC now at 49.5 RSI, it sits in a neutral zone, suggesting neither strong bullish nor bearish momentum.

However, the sharp drop from near-overbought levels indicates weakening buying pressure. If the RSI trends lower toward 40, this could lead to further declines.

If it stabilizes or moves back above 50, it may signal renewed buying interest and potential price recovery.

LTC Ichimoku Cloud Shows Mixed Signals

LTC price is currently moving downward after failing to hold above the Tenkan-sen (conversion line), which is now sloping downward, indicating a weakening short-term trend. The Kijun-sen (base line) is relatively flat, suggesting that price equilibrium is being tested, and a stronger directional move may develop soon.

The price is approaching the Kumo (cloud), which serves as an important area for trend confirmation. Staying above it would indicate continued bullish momentum, while breaking below it could signal increased weakness.

The cloud (Kumo) ahead is green, suggesting that the broader trend remains positive, but the current price movement near the cloud’s edge signals uncertainty. If the Litecoin price finds support near the cloud, which is between $120 and $126, it could stabilize and attempt to regain strength.

However, if it moves into or below the cloud, it would indicate a loss of momentum and potential trend reversal. That happens because price action inside the Kumo typically represents consolidation or indecision.

LTC Price Prediction: A 14% Upside or Downside?

Litecoin’s EMA lines remain bullish, with short-term EMAs still positioned above the long-term ones. However, the shortest-term EMA is starting to slope downward, signaling weakening momentum.

If it crosses below the longer-term EMAs, it will form a death cross, a bearish signal that could lead to further downside. In that case, the LTC price may test support at $117.

If that level fails to hold, the price could extend its decline to $111 or even $106, marking a potential 14% drop from current levels.

On the other hand, RSI and the Ichimoku Cloud indicate that the overall bullish structure is still intact, meaning Litecoin could still recover its momentum.

If buying pressure increases and the EMAs maintain their bullish positioning, LTC could climb toward the $129 resistance level. A successful breakout above that level could push the price higher to $141, representing a potential 14% gain if momentum strengthens.