Coinbase Spearheads Coalition to Fight Scams
CryptoNewsTerminal Staff22 May, 2024
Coinbase Spearheads Coalition to Fight Scams
Coinbase has launched the Tech Against Scams Coalition, an industry-wide effort to combat fraud. The coalition includes Match Group (Tinder's parent company), Meta, Kraken, Ripple, and Gemini, among others. The coalition will focus on educating consumers and businesses about scams, and developing new technologies to detect and prevent them. Scams are a major problem in the cryptocurrency industry, with billions of dollars lost each year. The coalition is a welcome step towards addressing this issue and protecting consumers.
