Common crypto scam tactics and how to protect yourself

Jeff Lunglhofer is Coinbase's Chief Information Security Officer. In this episode, Lunglhofer highlights common techniques used by malicious actors in the crypto space and offers suggestions on how to avoid these threats. The crypto industry lost $336 million in the first quarter of 2024 due to hacks and fraud, according to blockchain bug bounty platform Immunefi. OUTLINE 00:00 Introduction 01:22 Malicious Actors 03:32 Data Leaks 09:30 Scammer Psychology 10:19 Red Flags 12:57 Phising Frequency 15:06 Victim Recourse 17:57 Security Best Practices 23:21 Scammer Trends 26:46 Coinbase's Security 30:20 Closing Thoughts This episode is brought to you by our sponsor Polkadot Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network The Block Community The Block is launching a new community experience for fans of The Scoop! Follow us on Lens to stay in the loop: hey.xyz/u/theblockcommunity The Block Newsletters The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters