League of Legends pro Yiliang "Doublelift" Peng recently recounted on a Twitch live-stream how he lost his entire Coinbase account
balance to a port-out scam. He says that a few weeks prior to the theft, his T-Mobile phone's service was terminated and the device was listed as lost or stolen. He thought that T-Mobile had a network glitch and forgot about it. The hacker took over his email and emptied his Coinbase account. To hide that activity, the hacker had all emails from Coinbase flagged as spam, forwarded to the hacker's email and then automatically deleted from Doublelift's email account.
Mr. Peng's bank contacted him when his bank account was seriously overdrawn and that is how he discovered the hack. When Doublelift tried to secure his email account, the hacker used his phone's authenticator app to take access back. He hopes to get the money stolen from his bank account reimbursed as it was considered fraudulent transactions by the bank. The $200,000 in cryptocurrency held in the Coinbase account will not be reimbursed.