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Block Stops $2 Billion in Cash App Fraud by Alerting Customers to Scams

  • Block stopped $2 billion in Cash App fraud by warning customers of scams.
  • Scammers employ urgent tactics to deceive victims through various schemes, targeting all individuals.
  • Advanced technologies and real-time alerts help Block prevent potential P2P fraud scams since 2020.
  • Machine learning powers warning features to detect high-risk transactions and protect customers from scams.

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