This is hilarious! I believe there are people out there that will fall for this;
Email from Coinbase
Transition to Coinbase Wallet Required Post-SEC Lawsuit
We’re reaching out with an important update about your Coinbase account. Following the resolution of our lawsuit with the U.S. Securities and Exchange Commission (SEC), we’re transitioning all customer assets to Coinbase Wallet as of April 8, 2025.
The lawsuit, initiated in June 2023, challenged Coinbase’s operations. On April 5, 2025, the SEC dismissed the case after forming a Crypto Task Force to reassess regulations. As part of this outcome, we’re required to shift assets to self-custodial wallets. This means your crypto will now be held in Coinbase Wallet, giving you full control, while we continue to serve as your trusted broker for trading.
To facilitate this, we’ve created a unique 12-word recovery phrase—your Coinbase Identity—to access your funds. Please store it securely offline and keep it private. This phrase is essential for managing your wallet.
1. panther
2. grunt
3. search
4. nominee
5. bless
6. wheat
7. energy
8. dragon
9. plug
10. shuffle
11. fit
12. funny
We recommend setting up your Coinbase Wallet soon—ideally by May 8, 2025—to ensure uninterrupted access to your assets. Here’s how to get started:
Step 1: Set Up Coinbase Wallet
* Download the Coinbase Wallet app (iOS/Android) or Chrome extension.
* Select “I already have a wallet” and enter your recovery phrase.
Step 2: Transfer Your Assets
* In Coinbase Wallet, use “Receive from Coinbase” to move your assets.
* Confirm your balances after the transfer.
Step 3: Complete the Transition
* Aim to finish by May 8, 2025, for seamless access.
* Need help? Reach out at help.coinbase.com.
This change reflects our commitment to compliance and your security. Coinbase Wallet offers enhanced control with the reliability you trust from us. We’re here to support you through this process.
Thank you for choosing Coinbase.
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