Prominent US-based cryptocurrency exchange Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ along with industry leaders Meta, Ripple, Gemini, Kraken, Match Group, and GASO.
This coalition aims to tackle online fraud and financial schemes while simultaneously protecting and educating users, highlighting that scams are a tech-wide issue, not restricted to social media, cryptocurrency, or finance.
In an official blog post, Coinbase said that the Tech Against Scams coalition serves as a primary convening body where participating tech companies will collaborate on ways to take action against the tools used by scammers, educate and protect consumers, and disrupt rapidly evolving financial scams.
This work will involve sharing best practices, threat intelligence, and other tips and information to help keep users safe and protected before they become victims of an online fraud scheme.
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