Martin said that crypto scam victims are reporting to authorities, but it “feels like they’re screaming into the void to like IC3 or some of the government reporting websites.”He added the various reporting sites should be consolidated “into a single reporting system that not only has all the data in one place but that also, in a perfect world, gives victims some visibility.”On an earlier panel regarding online fraud, in which Martin took part, retired FBI agent Roger Campbell said many victims of crypto romance scams search the internet for how to report the crime and “all kinds of information comes up.”“It’s kind of frustrating,” he said.
Another difficulty in policing crypto scams, according to Martin, is that they’re “by and large” conducted from outside the US in countries including Myanmar and Laos, where “it can be hard for law enforcement to reach into those areas and really sort of strangle the stuff at the root.“He said combatting crypto scams should focus on international relations and the US, “making it a priority to work with governments around the world so that there’s no safe haven for these scammers.”Meanwhile, on March 10, the California Department of Financial Protection and Innovation said it received over 2,600 complaints last year and found seven types of scams it hadn’t yet discovered, including crypto mining, gaming, jobs and giveaway scams.
They almost feel victimized again.”Related: ‘Victim-blaming’ Americans can deter crypto scams reporting — Regulator Coinbase’s Martin told Cointelegraph that scams have a “lag in reporting,” and the way that attackers carry out schemes today won’t be known for months.“A scam may have happened six months ago, and we might hear about it tomorrow,” he said.
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Author / Journalist: Cointelegraph by Jesse Coghlan
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