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How Coinbase Helped Take Down a $20M Crypto Scam Using Its Own Name

  • A $20M crypto scam was taken down by Coinbase, involving fake websites and impersonation of Coinbase support.
  • The scam's mastermind, Chirag Tomar, was arrested and sentenced to five years in federal prison.
  • Coinbase's swift action and collaboration with law enforcement helped trace stolen assets and preserve digital evidence.
  • Crypto crime is easier to detect and stop due to the permanent, traceable nature of cryptocurrency transactions.

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