Coinbase has launched a major initiative called Tech Against Scams in collaboration with prominent companies such as Match Group, Meta, Kraken, Ripple, Gemini, and GASO to combat online and financial scams. The initiative aims to raise public awareness about the tactics used by scammers and enhance digital security.

In line with this effort, Coinbase is enhancing financial security measures by implementing strict KYC procedures, identifying suspicious activities, and enforcing regulatory standards.

The companies involved in Tech Against Scams prioritize protecting users from illegal online activities by educating the public on avoiding scams and addressing potential threats early. The initiative recognizes that a lack of technical knowledge makes people vulnerable to scams and plans to offer educational programs to improve awareness.

The focus is on understanding scammers' methods and targets, and informing the public to build a strong defense against online threats. Experts suggest avoiding intermediary applications, being cautious with assets and communications, using established platforms, and staying informed to ensure safety online.