Coinbase CISO breaks down 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