Coinbase CEO Brian Armstrong issued a warning to crypto fraudsters on December 20, 2025. This followed the company’s collaboration with the Brooklyn District Attorney’s Office (DAO) to dismantle a crypto impersonation scheme.
Armstrong emphasized that illicit activities on the blockchain are traceable. He affirmed Coinbase's dedication to using blockchain analysis to protect customers and aid law enforcement.
The successful investigation resulted in one arrest. Authorities currently hold another suspect under investigation.
The action highlights Coinbase’s ongoing commitment to user security and efforts to combat fraud. No significant market reaction was reported following the announcement.