{"id":124804,"date":"2025-03-11T03:16:12","date_gmt":"2025-03-11T03:16:12","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124804"},"modified":"2025-03-11T03:16:12","modified_gmt":"2025-03-11T03:16:12","slug":"crypto-scam-reporting-needs-to-move-under-one-umbrella-coinbase-cso","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124804","title":{"rendered":"Crypto scam reporting needs to move \u2018under one umbrella\u2019 \u2014 Coinbase CSO"},"content":{"rendered":"

Source: Cointelegraph.com NewsThe reporting of crypto scams in the United States is currently handled by a patchwork of agencies that should be streamlined to better protect consumers, says Coinbase chief security officer Philip Martin.
\n\u201cIt\u2019s a very fragmented ecosystem. Where do you report these things? Well, you go here, you go there, you go somewhere else,\u201d Martin told Cointelegraph at the SXSW conference in Austin, Texas.
\n\u201cI\u2019d love to see that addressed and really brought under one umbrella, and that then helps us get a better idea of the magnitude of the problem.\u201d
\n\u201cThat then helps drive resources from the whole federal government to do more to address some of the underlying causes, he added.
\nThe US has dozens of federal and state-level agencies that handle reports of financial and internet crimes, one of which is the FBI\u2019s Internet Crime Complaint Center (IC3), which gives victims a way to report cybercrime.
\nMartin said that crypto scam victims are reporting to authorities, but it \u201cfeels like they\u2019re screaming into the void to like IC3 or some of the government reporting websites.\u201d
\nHe added the various reporting sites should be consolidated \u201cinto a single reporting system that not only has all the data in one place but that also, in a perfect world, gives victims some visibility.\u201d
\nOn an earlier panel regarding online fraud, in which Martin took part, retired FBI agent Roger Campbell said many victims of crypto romance scams search the internet for how to report the crime and \u201call kinds of information comes up.\u201d
\n\u201cIt\u2019s kind of frustrating,\u201d he said. Campbell gave the example of the UK as a country with an \u201cawesome reporting system\u201d where one portal is used to report all crimes, and victims can follow the status of their complaints.
\nFBI\u2019s Roger Campbell (center left) on a panel with Coinbase\u2019s Philip Martin (center right). Other panelists include former Twitter safety lead Yoel Roth (right) and MSNBC reporter Mackenzie Sigalos (left). Source: Turner Wright \/ Cointelegraph\u201cYou report something to the IC3, you never hear anything back 99% of the time,\u201d he added. \u201cIt gets frustrating again for the victim. They almost feel victimized again.\u201d
\nRelated: \u2018Victim-blaming\u2019 Americans can deter crypto scams reporting \u2014 Regulator\u00a0
\nCoinbase\u2019s Martin told Cointelegraph that scams have a \u201clag in reporting,\u201d and the way that attackers carry out schemes today won\u2019t be known for months.
\n\u201cA scam may have happened six months ago, and we might hear about it tomorrow,\u201d he said.
\nAnother difficulty in policing crypto scams, according to Martin, is that they\u2019re \u201cby and large\u201d conducted from outside the US in countries including Myanmar and Laos, where \u201cit can be hard for law enforcement to reach into those areas and really sort of strangle the stuff at the root. \u201c
\nHe said combatting crypto scams should focus on international relations and the US, \u201cmaking it a priority to work with governments around the world so that there\u2019s no safe haven for these scammers.\u201d
\nMeanwhile, on March 10, the California Department of Financial Protection and Innovation said it received over 2,600 complaints last year and found seven types of scams it hadn\u2019t yet discovered, including crypto mining, gaming, jobs and giveaway scams.
\nMagazine: Influencers shilling memecoin scams face severe legal consequences\u00a0
\nAdditional reporting by Turner Wright.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsThe reporting of crypto scams in the United States is currently handled by a patchwork of agencies that should be streamlined to better protect consumers, says Coinbase chief… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124804"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124804"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124804\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124804"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}