Palo Alto, California, USA, September 5, 2024, Chainwire

AI-Pushed Platform Detects Fraud Early, Stopping Billions of {Dollars} in Potential Crypto Losses

As fraudsters develop into extra refined and more and more goal cryptocurrencies to launder billions of {dollars} in losses, CUBE3.AI is ushering in a brand new period of fraud prevention. Immediately, the corporate introduced main enhancements to its platform that bridge the hole between Web2 and Web3, enabling real-time danger evaluation and proactive blocking of scams comparable to pig slaughter, ransomware, and intercourse torsion.

In 2023, funding fraud alone will lead to losses of over $4.5 billion, with 86% of that associated to cryptocurrencies. Nearly all of these frauds originate on Web2 by means of social media interactions, fraudulent web sites, or different on-line channels earlier than transitioning to cryptocurrencies, making restoration of stolen belongings almost not possible. Whereas the business has historically centered on both Web2 or Web3, CUBE3.AI leverages its distinctive experience and proprietary AI expertise to seamlessly combine each domains, enabling fraud detection and prevention throughout the complete digital panorama. This strategy addresses a crucial hole by offering a holistic view of fraud patterns throughout each Web2 and Web3, enabling early detection, thorough danger evaluation, and well timed intervention.

“Probably the most damaging frauds typically contain advanced journeys that span each the normal and crypto spheres. We have now constructed an answer that enables us to see the entire image, from the primary contact on Web2 to the ultimate transaction on Web3,” mentioned Ainaras Gravrock, CEO of CUBE3.AI. “Actual-time fraud prevention is a posh problem that requires experience from each domains and superior expertise that may interpret numerous information and perceive the context. Our platform isn’t just expertise, it's about restoring belief. Whether or not it's defending companies from fraudulent funds or defending folks from devastating losses, this answer marks a significant step ahead within the combat in opposition to digital fraud.”

CUBE3.AI's enhanced platform integrates information from social media, on-line platforms and darkish net sources and combines it with real-time Web3 transaction monitoring. Proprietary AI fashions skilled to interpret the context of this information generate complete danger scores, enabling companies to reply shortly earlier than fraud escalates. By offering seamless visibility into each Web2 and Web3 exercise, CUBE3.AI allows organizations to proactively block threats that will in any other case go unnoticed till it's too late.

“As criminals develop into more and more reliant on AI to scale their assaults, our responses have to be simply as refined. Our AI-powered instruments join Web2 and Web3, giving us a singular benefit to establish threats earlier than they unfold,” mentioned Chris Griffiths, CTO at CUBE3.AI. “Offering this degree of visibility and velocity empowers companies to make knowledgeable selections and defend their customers in actual time.”

These new capabilities empower exchanges, monetary establishments and repair suppliers with the early detection and danger administration wanted to keep away from facilitating fraud, defend person belief and decrease monetary loss. By providing an answer that unifies each Web2 and Web3 information, CUBE3.AI units a brand new normal in fraud prevention, serving to companies keep forward of quickly evolving threats.

About CUBE3.AI

CUBE3.AI is an progressive platform specialised in real-time fraud and cryptocrime prevention. Powered by proprietary synthetic intelligence fashions, CUBE3.AI protects digital belongings and transactions from fraud, cyber assaults, hacking, fraudulent exercise and compliance dangers, enabling companies to guard their belongings, cut back chargebacks and decrease monetary losses. Our expertise not solely responds to incidents, but in addition predicts and prevents them earlier than they happen, defending companies and people from the dangers related to crypto buying and selling.

The corporate was based by a group of machine studying researchers, fraud prevention consultants, white hats and blockchain engineers and is backed by main buyers together with Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. For extra info, please go to www.CUBE3.AI. It’s also possible to be part of CUBE3.AI on LinkedIn, Twitter and Telegram.

contactHead of Advertising and marketingRasa PetuchiCUBE3.AI[email protected]

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