Reporting crypto scams in the United States is currently A patchwork of agencies has to be able to be able to be able to better protect consumers, Coinbase Chief Security Officer Philip Martin said.
“This is a very franchised ecosystem. Where are you reporting these things? Well, come here, you will go there, you’re going somewhere else,” Martin told Cointelegraph at the SXSW conference in Austin, Texas.
“I want to see the faced and really brought under an umbrella, and then it will help us get a better idea of the size of the problem.”
“Then helping driving resources from the entire federal government to do more to meet some of the underlying causes, he added.
The US has dozens of federal agencies and state levels that Administer reports Of financial and internet crimes, one of them is the FBI’s Internet Crime Center (IC3), which gives victims a way to report cybercrime.
Martin said the victims of the crypto scam were reporting to the authorities, but “they felt they were shouting at the void that the IC3 or some of the government reporting websites wanted.”
He added that different reporting sites should be combined “in a single reporting system that not only all data in one place but that, too, in a perfect world, provides some visibility.”
In an earlier panel about online fraud, in which Martin took part, retired FBI agent Roger Campbell said many crypto victims Romance scam Search the Internet for how to report crime and “all kinds of information have emerged.”
“It’s kind of frustration,” he said. Campbell gave the UK example as a country with a “wonderful reporting system” in which a portal was used to report all crimes, and victims could follow the status of their complaints.
FBI’s Roger Campbell (left in the middle) on a panel along with Philip Martin (right of the center) of Coinbase. Other panelists include former Twitter Safety lead Yoel Roth (right) and MSNBC reporter Mackenzie Sigalos (left). Source: Turner Wright / Cointelegraph
“You report something to the IC3, you haven’t heard anything at 99% of the time,” he added. “It’s annoying for the victim again. They almost fall victim again.”
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Coinbase’s Martin told Cointelegraph that the scams had “Lag in reporting,” and the way the schemes were conducted today Not to know for months.
“A scam may have happened six months ago, and we can hear about it tomorrow,” he said.
Another difficulty in plying crypto scams, according to Martin, is that they are “large” conducted from out of the US In countries including Myanmar and Laos, where “it can be difficult for law enforcement to reach those areas and are really kind of avoiding root objects.”
He said the resistance to crypto scams should be focused on international relationships and the US, “making it a priority to cooperate with governments around the world so that there is no safe shelter for these scammers.”
Meanwhile, on March 10, California’s Department of Financial Protection and Innovation said it received more than 2,600 complaints Last year and seven types of scams were found, including crypto mining, gaming, work and giveaway scams.
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Further report by Turner Wright.
