CUBE3.AI launches AI-powered technology to detect and stop new scams and waves of fraud

[PRESS RELEASE – Palo Alto, California, United States, September 5th, 2024]

AI-powered platform detects fraud at its earliest phases, stopping billions of {dollars} in potential cryptocurrency losses

As scams turn out to be extra refined and cryptocurrencies are more and more focused for cash laundering, inflicting billions of {dollars} in losses, Magic Cube 3.AI A brand new period of fraud prevention is being ushered in. Right now, the corporate introduced main enhancements to its platform to bridge the hole between Web2 and Web3, enabling prompt threat evaluation and proactive blocking of butchery, ransomware, sextortion and different scams.

In 2023, funding scams alone triggered greater than $4.5 billion in losses, 86% of which had been associated to cryptocurrencies. A big portion of those scams originate from Web2—by means of social media interactions, rip-off web sites, or different on-line channels—after which transfer to cryptocurrencies, the place recovering stolen belongings is almost unimaginable. Whereas the business has historically targeted on Web2 or Web3, CUBE3.AI leverages distinctive experience and proprietary AI expertise to seamlessly combine the 2 areas to detect and forestall fraud throughout your entire digital setting. This method addresses key gaps by offering a holistic view of Web2 and Web3 fraud patterns, enabling early detection, thorough threat evaluation and well timed intervention.

“Essentially the most damaging scams typically contain advanced journeys throughout the standard and crypto areas. We constructed an answer that sees the entire image, from the preliminary contact in Web2 all the best way to the ultimate transaction in Web3. “Prompt fraud prevention is A posh problem that requires experience in each areas, in addition to superior expertise that may interpret disparate knowledge and perceive context. Our platform is about restoring belief, whether or not it’s defending companies from soiled cash. Whether or not it’s defending individuals from devastating losses, this resolution marks an necessary step within the struggle in opposition to digital fraud.

CUBE3.AI’s enhanced platform integrates knowledge from social media, on-line platforms and darkish internet sources and combines it with real-time Web3 transaction monitoring. Proprietary AI fashions educated to interpret the context of this knowledge can produce complete threat scores that allow companies to behave shortly earlier than scams escalate. By offering seamless visibility into Web2 and Web3 exercise, CUBE3.AI permits organizations to preemptively block threats that might in any other case go unnoticed till it’s too late.

“As criminals more and more depend on AI to scale their assaults, our responses have to be equally refined. Our AI instruments join the dots between Web2 and Web3, permitting us to establish facets of threats earlier than they escalate. Uniquely positioned “By delivering this degree of visibility and velocity, we allow enterprises to make knowledgeable selections and defend their customers in real-time. “

These new capabilities present exchanges, monetary establishments and repair suppliers with the early detection and threat administration wanted to keep away from facilitating fraud, defend consumer belief and reduce monetary losses. By offering options that combine Web2 and Web3 knowledge, CUBE3.AI units a brand new normal in fraud prevention, serving to enterprises keep forward of quickly evolving threats.

About CUBE3.AI

CUBE3.AI is an progressive platform devoted to prompt fraud and cryptocurrency crime prevention. CUBE3.AI leverages proprietary synthetic intelligence fashions to guard digital belongings and transactions from fraud, cyberattacks, hacking, fraud and compliance dangers, enabling companies to guard their belongings, scale back chargebacks and maximize Scale back monetary losses. Our expertise not solely responds to occasions, it additionally predicts and prevents them earlier than they occur, defending companies and people from the dangers related to cryptocurrency buying and selling.

The corporate was based by a group of machine studying researchers, fraud prevention consultants, white hat and blockchain engineers, and is backed by main buyers together with Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Customers can be taught extra at Magic Cube 3.AI and be part of CUBE3.AI LinkedIn, twitter and telegraph.