Retired artist Ed Suman fell victim to a scam earlier this year, losing over $2 million in cryptocurrency to an impersonator posing as a Coinbase support representative. Suman, 67, spent nearly two decades working in the art world and eventually turned to cryptocurrency investing after retirement, amassing 17.5 Bitcoin (BTC) and 225 Ether (ETH). He stored his funds in a Trezor Model One hardware wallet to avoid exchange hacks. However, in March, Suman received a text message purportedly from Coinbase alerting him of unauthorized account access. Subsequently, a scammer posing as a Coinbase security staffer named Brett Miller convinced Suman to disclose his seed phrase on a fake Coinbase website, resulting in the loss of all his crypto holdings. The incident followed a recent data breach at Coinbase where attackers bribed customer support staff in India to access sensitive user information, affecting approximately 1% of monthly transacting users. Venture capitalist Roelof Botha was among those affected, but there is no evidence of fund access. Coinbase’s chief security officer confirmed the breach involved contracted customer service agents in India who have since been terminated. The exchange plans to pay between $180 million and $400 million in remediation and reimbursement to affected users.