Crypto scammers and the need for tools to prevent theft: World Token Summit
Matthias Mende said while it’s very unfortunate, there are a lot of bad actors using social media who are constantly trying to bring harm to others. Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get fans and other unsuspecting victims to send them money. To solve the problem, some turned to the blockchain to try to create and implement a decentralized social identity verification system. At the recent World Token Summit 2023, Cointelegraph spoke to Matthias Mende, the co-founder of the Dubai Blockchain Center and a speaker at the event. During his speech, Mende talked about one of the center’s projects implementing blockchain technology to create a decentralized social identity for its users. Cointelegraph reporter Ezra Reguerra with Matthias Mende (right) at the World Token Summit event in Dubai. Source: Cointelegraph Speaking to Cointelegraph, Mende shared that identity fraud has been a c...
