Palo Alto, California, United States, September
5th, 2024, Chainwire
AI-driven platform detects fraud at its earliest stages,
preventing billions in potential crypto losses
As scams grow more sophisticated and increasingly target crypto
for laundering billions in losses, CUBE3.AI is pioneering
a new era in fraud prevention. Today, the company announced major
enhancements to its platform that bridge the gap between Web2 and
Web3, enabling real-time risk assessment and the proactive blocking
of scams like pig butchering, ransomware, sextortion, and
others.
In 2023, investment scams alone led to more than $4.5 billion in
losses, with 86% linked to cryptocurrency. A substantial portion of
these scams originate in Web2—through social media interactions,
fraudulent websites, or other online channels—before transitioning
into crypto where recovering stolen assets becomes nearly
impossible. While the industry has traditionally focused on either
Web2 or Web3, CUBE3.AI leverages unique expertise and proprietary
AI technology that seamlessly integrates both realms, enabling the
detection and prevention of fraud across the entire digital
landscape. This approach addresses a critical gap by offering a
holistic view of fraud patterns across both Web2 and Web3, enabling
early detection, thorough risk assessment, and timely
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," said 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 data from social media,
online platforms, and dark web sources, combining it with real-time
Web3 transaction monitoring. Proprietary AI models trained to
interpret the context of this data generate a comprehensive risk
score, empowering businesses to act swiftly before scams escalate.
By offering seamless visibility into both Web2 and Web3 activities,
CUBE3.AI allows organizations to preemptively block threats that
would otherwise go unnoticed until 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,"
said 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 join
CUBE3.AI on LinkedIn, Twitter and Telegram.
Contact
Head of
Marketing
Rasa
Petuch
CUBE3.AI
rasap@cube3.ai