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Coinbase CSO at Ripple Swell: New Ways to Track Crypto Scams Discovered

Coinbase Chief Security Officer (CSO), Philip Martin, discussed the evolving nature of cryptocurrency scams and the strategies to combat them during a fireside chat at the Ripple Swell event. Martin highlighted that investigators now have access to more information on individual transactions and can track the volume and destination of transactions, making it easier to detect illicit activity. He also compared investigating crypto scams to U.S. dollar transfers, stating that it is more difficult to track illicit activity with traditional currency. Additionally, the article mentions Ripple's recent minting and transfer of 42 million RLUSD stablecoins, with CEO Brad Garlinghouse aiming to make RLUSD the "gold standard for enterprise-grade stablecoins."

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