In an effort to educate people about the dangers of cryptocurrency scams, Coinbase CEO Brian Armstrong has issued a warning about an ongoing scam involving fake giveaways of Bitcoin.
In a post on Twitter, Armstrong said that scammers have been impersonating him and other Coinbase executives in order to trick people into sending cryptocurrency to them. The scammers then keep the cryptocurrency they receive and there is no way to get it back.
Armstrong urges people to be extremely careful when dealing with cryptocurrency and to never send money to someone who claims to be giving away money. He also encourages people to report any suspicious activity to Coinbase.
By educating people about cryptocurrency scams, Armstrong hopes to prevent people from falling victim to them. He is also working to combat the issue by helping to create a safe and secure environment for people to trade cryptocurrencies.
