Ripple Joins “Tech Against Scams” Coalition

• Tech giants including Ripple join forces to combat rising online scams.
• Coalition intends to combat the rapidly evolving crypto scams like pig butchering.
• Brad Garlinghouse posits it is high time immediate action be taken against such financial scams.

In a significant development, the global payments platform Ripple has joined forces with tech giants like Coinbase, Meta, Kraken, and Gemini to combat the rise of online scams. Ripple CEO Brad Garlinghouse applauded the tech companies’ collaborative effort to disrupt scammers’ activities.

There’s one thing all of us in tech can agree on – it’s high time we dismantled the scammers once and for all. Proud that @Ripple is joining this coalition along with other industry heavyweights! https://t.co/UrF1bseUgQ

— Brad Garlinghouse (@bgarlinghouse) May 22, 2024

On May 21, these leading technology firms launched “Tech Against Scams,” a coalition dedicated to fighting online fraud and financial thefts. Devraj Varadhan, EVP of Engineering at Ripple, emphasized the importance of educating consumers about these malicious financial schemes, making them more resilient to such threats. He stated:

“As scams continu…

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