Gemini

2024

Coin

<ul class="news-points"> 
 <li><strong>Tech giants including Ripple join forces to combat rising online scams.</strong></li> 
 <li><strong>Coalition intends to combat the rapidly evolving crypto scams like pig butchering.</strong></li> 
 <li><strong>Brad Garlinghouse posits it is high time immediate action be taken against such financial scams.</strong></li> 
</ul> 
<p>In a significant development, the global payments platform <a href="https://coinedition.com/public-vs-private-sec-ripple-clash-over-disclosure-in-xrp-case/">Ripple</a> has joined forces with tech giants like Coinbase, Meta, Kraken, and Gemini to combat the rise of online scams. Ripple CEO Brad Garlinghouse applauded the tech companies’ collaborative effort <a href="https://coinedition.com/deepfake-crypto-scam-targets-asia-elon-musk-face-used/">to disrupt scammers’ activities</a>.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">There’s one thing all of us in tech can agree on – it’s high time we dismantled the scammers once and for all. Proud that <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Ripple</a> is joining this coalition along with other industry heavyweights! <a href="https://t.co/UrF1bseUgQ" target="_blank" rel="nofollow">https://t.co/UrF1bseUgQ</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1793087796753920393?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>On May 21, these leading technology firms launched “<a href="https://www.coinbase.com/blog/announcing-the-tech-against-scams-coalition" target="_blank" rel="nofollow">Tech Against Scams</a>,” a coalition dedicated to fighting online fraud and financial thefts. Devraj Varadhan, EVP of Engineering at Ripple, emphasized the importance of educating consumers about these malicious financial schemes, making them more resilient to such threats. He stated:</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“As scams continu…</p>
</blockquote>
<p>The post <a href="https://coinedition.com/ripple-joins-tech-against-scams-coalition/">Ripple Joins “Tech Against Scams” Coalition</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ripple Joins “Tech Against Scams” Coalition

Coin Edition

Other articles published on May 22, 2024

Gala Games Recovers $22M in ETH After a $200M Exploit

Coinbase, Kraken, Join Forces to Combat ‘Pig Butchering’ Scams

Bitcoin Exchange Binance Released a New Listing Announcement!

Why Is The Crypto Market Up Today?

Axie Infinity Origins S8 Postseason Begins With the Elite 8 Tournament, Giveaways, and Updates

Bitcoin (BTC) and Ethereum (ETH) Surge as Furrever Token (FURR) Attracts Major Whale Interest

Join our free newsletter for daily crypto updates!