According to @zachxbt, a Canadian threat actor known as Haby (Havard) stole over $2 million in the past year by impersonating Coinbase support and running social engineering scams, then spent the proceeds on rare social media usernames, bottle service, and gambling (source: @zachxbt, X, Dec 29, 2025). This report highlights ongoing account-takeover and recovery-vector risk for centralized exchange users, which is directly relevant for trade execution safety and operational risk controls on CEX venues (source: @zachxbt, X, Dec 29, 2025). Traders should treat unsolicited support contacts as high risk and verify all account-recovery requests out-of-band before authorizing withdrawals or sharing security information, given the impersonation method described (source: @zachxbt, X, Dec 29, 2025). Maintaining withdrawal allowlists, hardware-based two-factor authentication, and minimal hot balances on exchanges can reduce loss exposure if social engineering attempts succeed, as underscored by the reported $2M+ thefts (source: @zachxbt, X, Dec 29, 2025).

According to @NFT5lut, a crypto investor, their wallet was drained by a hacker, prompting a public request for assistance from blockchain investigator @zachxbt (source: Twitter, May 25, 2025). This incident highlights persistent security vulnerabilities in cryptocurrency wallets, reinforcing the urgency for traders to implement robust self-custody practices, use hardware wallets, and remain vigilant against phishing attacks. Such high-profile thefts can lead to short-term volatility in affected tokens and increase demand for secure wallet solutions, impacting the broader crypto market.

According to ZachXBT, Fugazi Gambler changed his username to gshaiahh within minutes of ZachXBT's post, then promptly deactivated his X account (source: ZachXBT on X, May 9, 2025). This action highlights heightened scrutiny on suspicious actors in the crypto community, signaling increased risk awareness among traders. The rapid deactivation may indicate a reaction to exposure of potential scam activities, which can impact trader confidence and market sentiment, especially around meme coins and low-liquidity tokens commonly targeted by similar accounts.