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Cryptocurrency exchange Coinbase has collaborated with prominent technology and crypto firms to establish the Tech Against Scams coalition aimed at combating online fraud. This initiative seeks to safeguard users and enhance awareness regarding various deceptive practices.
Coinbase has revealed the formation of Tech Against Scams, a coalition focused on addressing fraud and financial scams in the digital realm.
The coalition comprises representatives from leading technology and cryptocurrency firms, including:
- Kraken;
- Gemini;
- Ripple Labs;
- Meta;
- Match Group, the parent organization of Tinder and Hinge;
- Global Anti-Scam Organization (GASO).
This initiative aims to mitigate fraud by educating the public about prevalent schemes and offering advice on how to avert them. A primary focus of the coalition is to tackle scammers employing the “pig butchering” scheme, a notorious fraudulent tactic that has persisted for several years.
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The “pig butchering” scheme involves fraudsters cultivating a trusting relationship with victims over an extended duration to ultimately misappropriate their funds. Scammers utilize various communication platforms, including social media and dating applications, to establish rapport and earn the victim’s trust. Subsequently, under the pretense of friendship or romantic involvement, they persuade the victim to invest in fictitious investment opportunities or transfer assets to them for other reasons.
As stated by Coinbase, the coalition’s overarching aim is to fortify the entire technology sector. Members of Tech Against Scams can shield users from malicious entities by collaborating, sharing information, and fostering a more secure digital landscape.
The Tech Against Scams coalition has also outlined several crucial measures to assist users in safeguarding their assets from fraudsters. To achieve this, users should:
- refrain from downloading unfamiliar applications;
- avoid sending assets to unknown parties;
- discuss investment opportunities solely with trusted contacts;
- utilize reliable platforms for cryptocurrency storage;
- stay informed about emerging fraud schemes.
Online security is also a priority for governmental authorities in various countries. For instance, the Cyber Security Agency of Singapore (CSA) and the Australian Securities and Investments Commission (ASIC) provide guidance to users on how to protect their digital assets from common theft tactics.
Сообщение Crypto Companies and Tech Giants Unite Against Online Fraud появились сначала на CoinsPaid Media.
