Palo Alto, California, United States, September fifth, 2024, Chainwire
AI-driven platform detects fraud at its earliest levels, stopping billions in potential crypto losses
As scams develop extra subtle and more and more goal crypto for laundering billions in losses, CUBE3.AI is pioneering a brand new period in fraud prevention. In the present day, the corporate introduced main enhancements to its platform that bridge the hole between Web2 and Web3, enabling real-time danger evaluation and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others.
In 2023, funding scams alone led to greater than $4.5 billion in losses, with 86% linked to cryptocurrency. A considerable portion of these scams originate in Web2—by social media interactions, fraudulent web sites, or different on-line channels—earlier than transitioning into crypto the place recovering stolen belongings turns into practically not possible. Whereas the business has historically centered on both Web2 or Web3, CUBE3.AI leverages distinctive experience and proprietary AI expertise that seamlessly integrates each realms, enabling the detection and prevention of fraud throughout all the digital panorama. This method addresses a crucial hole by providing a holistic view of fraud patterns throughout each Web2 and Web3, enabling early detection, thorough danger evaluation, and well timed intervention.
“The most damaging scams often involve complex journeys that span both traditional and crypto spaces. We’ve built a solution that looks at the full picture, from initial contact in Web2 all the way to final transactions in Web3,” mentioned Einaras Gravrock, CEO of CUBE3.AI. “Real-time fraud prevention is a complex challenge that requires expertise in both realms, along with advanced technology capable of interpreting diverse data and understanding context. Our platform is more than just technology—it’s about restoring trust. Whether it’s protecting businesses from dirty money or safeguarding people from devastating losses, this solution marks a significant step forward in the fight against digital fraud.”
CUBE3.AI’s enhanced platform integrates information from social media, on-line platforms, and darkish internet sources, combining it with real-time Web3 transaction monitoring. Proprietary AI fashions educated to interpret the context of this information generate a complete danger rating, empowering companies to act swiftly earlier than scams escalate. By providing seamless visibility into each Web2 and Web3 actions, CUBE3.AI permits organizations to preemptively block threats that might in any other case go unnoticed till it’s too late.
“As criminals increasingly rely on AI to scale their attacks, our response has to be just as sophisticated. Our AI-powered tools connect the dots between Web2 and Web3, giving us a unique edge in identifying threats before they escalate,” mentioned Chris Griffiths, CTO of CUBE3.AI. “By offering this level of visibility and speed, we empower businesses to make informed decisions and protect their users in real time.”
These new capabilities provide exchanges, financial institutions, and service providers with the early detection and risk management they need to avoid facilitating fraud, protect user trust, and minimize financial losses. By offering a solution that integrates data from both Web2 and Web3, CUBE3.AI sets a new standard in fraud prevention, helping businesses stay ahead of rapidly evolving threats.
About CUBE3.AI
CUBE3.AI is an innovative platform dedicated to real-time fraud and crypto crime prevention. Utilizing proprietary artificial intelligence models, CUBE3.AI protects digital assets and transactions from fraud, cyber exploits, hacks, scams, and compliance risks, empowering businesses to protect their assets, reduce chargebacks, and minimize financial losses. Our technology not only responds to incidents but also anticipates and prevents them before they occur, safeguarding businesses and individuals from the risks associated with crypto transactions.
The company was founded by a team of machine learning researchers, fraud prevention specialists, white hats and blockchain engineers, and is backed by leading investors – including Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Users can learn more at www.CUBE3.AI and be part of CUBE3.AI on LinkedIn, Twitter and Telegram.
Head of Advertising
Rasa Petuch
CUBE3.AI
rasap@cube3.ai
