The United States Congress has reached out to big crypto exchange platforms seeking to know how said platforms handle scam attacks. As we all know, these attacks are becoming ever more rampant and customers on these platforms are the main targets. Big players like FTX, Binance, Coinbase, Ku Coin, and Kraken were recipients of the US congresses inquiry. As some of the most popular exchange platforms in the world, a few of them have found themselves victims of most crypto scam activities.
Despite the request to know how big players keep users safe, a solid response is yet to be given. Globally, we are seeing more cleverly engineered scam activities target the crypto industry, and we need to know that the exchange platforms can keep their users safe.
The United States Congress requests that these platforms give details on how they respond to scam activities. The deadline for these companies to turn in their response is September 12. The responses these platforms give will better help users know which ones protect investments.
This will not eradicate scammers from the internet, since most try to fool victims to make away with their money. The users need to be on guard regarding these scammers, but it is a relief to know that these relentless scams are not going unnoticed. Certain governmental measures will go into place to help keep users of these platforms even more safe from bad actors.
