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Flash

first_img Coinbase participates in a joint operation in London to combat West African fraud networks

Cryptocurrency trading platform Coinbase announced its participation in Tech Against Scams and is collaborating with the UK's National Crime Agency, the U.S. Department of Justice Scam Center Strike Force, and international law enforcement partners to launch a joint crackdown week in London from October 6 to 9, sharing intelligence in real-time and coordinating actions against West African criminal scam networks.Coinbase stated that the relevant scam networks operate across platforms, seeking potential victims through social media, establishing trust via instant messaging, and using digital infrastructure and financial services to transfer illicit funds. As law enforcement and the industry intensify their crackdown on Southeast Asian scam hubs, criminal networks are expanding to other regions, including West Africa. This operation is hosted by the UK's National Crime Agency, bringing together technology, telecommunications, and financial companies to target the infrastructure, accounts, and payment systems that support scams.Coinbase Vice President Leah Bressack: The earlier crackdown on Southeast Asian scam hubs this year proved that coordinated actions between the industry and law enforcement are effective; as criminal networks attempt to rebuild in Africa, Coinbase's global intelligence team is tracking funds, freezing assets, and sharing intelligence in real-time. The tactics targeted include fraudulent cryptocurrency investment scams, impersonating law enforcement officials, and using fake video calls to carry out "arrests" to pressure transfers. Coinbase stated it will continue to collaborate with Tech Against Scams and law enforcement partners.

first_img Hyperliquid CEO Jeff: The combination of AI and finance has been overcomplicated; what Agent lacks is a financial system where data and value are on the same level

ChainCatcher live report, at the Token2049 conference in Singapore, Hyperliquid Labs CEO Jeff Yan stated that the market may have "overcomplicated" the combination of AI and finance: Agents are already superhuman in many capabilities, and this gap will continue to widen; from a technical perspective, there are no barriers for Agents to interface with any system's API. He believes that what may truly hinder the widespread adoption of Agents is that existing systems do not place data and value at the same level of abstraction, meaning that while requests and responses can be transmitted freely over the internet, when it comes to the flow of funds, it still relies on specific institutions to "give a nod or shake their head."Jeff Yan assesses that such compliance steps will still exist in the future, but they will occur above the internet layer and protocol layer, rather than within the protocol layer itself; once the protocol layer can natively carry value like it does with data, and compliance is positioned at a higher level, Agents can truly showcase their capabilities in on-chain financial systems.He also predicts that a common future scenario will be that users set high-level goals, and the purpose of financial systems is to help people accumulate wealth and live better lives, with superintelligent agents transforming those goals into specific actions, where Agents play a complementary role, which requires the underlying systems themselves to be open and accessible.
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