Coinbase Outgoing Email reportedly hacked

An outgoing email from Coinbase, one of the world's leading bitcoin wallet, has been reportedly hacked by a group of scammers. The hackers are using the company's email -"[email protected]", to launch a fake product called 'Coinbase Invest Fund', as told by a random Bitcoin user fluffypony.

The hackers are promoting the a new scheme by guaranteeing a maximum of 150% return from a short-term investment program, along with ensuring a minimum profit of 50% within ten days of investment.

"You can deposit today from $100," the email says. "Maximum deposit amount per one person or legal entity is 60 Bitcoins. That's an astonishing opportunity to earn up to $8,500 per 10 days."

A copy of the spam mail has been made public on Reddit , which suggests a Ponzi Scheme being distributed and risking the company's credibility.