Coinbase CEO Warns Scammers After Brooklyn Impersonation Bust

2025-12-20 17:46

Coinbase CEO Brian Armstrong has issued a warning to crypto fraudsters following the dismantling of an impersonation scam by Brooklyn prosecutors. The operation, which involved collaboration with Coinbase, resulted in one arrest and another suspect under investigation. Armstrong emphasized that illegal activities on the blockchain are traceable and reiterated Coinbase's commitment to using blockchain analysis to protect customer funds and assist law enforcement in exposing scammers.

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