The recent Federal Trade Commission (FTC) report highlights the persistent threat of scammers in the financial industry. At CoinFlip we know that the rise in online scams calls for decisive action. That's why we took proactive measures and launched “Safe in 6,” a six-question pressure test that empowers consumers to identify fraud and safeguard their financial well-being. Our approach to consumer protection includes: ✅ Leveraging blockchain analytics to detect and prevent illicit activity ✅ A dedicated compliance team led by our in-house Chief Compliance Officer ✅ Providing educational resources to raise awareness of common scams ✅ Responsive live customer support to resolve issues swiftly At CoinFlip, we continually advocate for a secure ecosystem while working with lawmakers to push for regulations that strike a balance between protection and innovation. https://lnkd.in/gQCtnETh #FinancialSecurity #BlockchainInnovation #ProtectConsumers
ICYMI – Our latest blog from Kevin Lolli, CoinFlip’s Consumer Protection Officer, outlines our 'Safe in Six’ threshold test for scams. These six critical questions are crafted to prompt individuals to pause, recognize potential red flags, and carefully consider their actions before proceeding. Learn more: https://brnw.ch/21wKNHX