Click Here 175. Mic Drop: Kraken CSO Nick Percoco’s unusual anti-scamming campaign
Oct 18, 2024
Nick Percoco, Chief Security Officer at Kraken, teams up with YouTube scambaiter Kitboga to launch a unique anti-scam campaign. They delve into the comedic yet powerful world of scam baiting, revealing how humor can educate the public and frustrate scammers. Percoco discusses the devastating impact of the Mt. Gox scandal and how Kraken is developing tools to protect clients, especially vulnerable retirees. Their innovative tactics even include using information from scammers themselves to aid law enforcement in their efforts.
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Kitboga’s Scambaiting Anecdote
- Kitboga spends long time engaging scammers on YouTube to frustrate them.
- His efforts sometimes cause scammers to give up entirely on their scams.
Kraken’s Anti-Scam Tools
- Kraken developed tools to detect and prevent scams affecting clients.
- These include identifying risky account activity and blocking withdrawals to scam or criminal groups.
Protecting Retirees From Crypto Scams
- Retirees are frequent targets for crypto scams due to their savings.
- Educating them about unrealistic guarantees can trigger red flags and prevent victimization.