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At Safe3, our Risk Score Monitoring system meticulously assesses and categorizes risks from various sources in the #cryptocurrency ecosystem to ensure our clients engage securely and reliably. Here's how we specifically identify and evaluate Trusted Sources: Exchange: Organizations that facilitate buying, #selling, and #trading of cryptocurrencies. Require specific trading licenses for depository, brokerage, or other related financial services. Must not hold licenses for non-specific financial services or be from jurisdictions on the FATF noncooperative list. Represent the most vital category in the cryptocurrency industry, accounting for 90% of all funds sent through these services. ICO (Initial Coin Offering): Organizations that crowdfund by selling newly minted cryptocurrency to investors in exchange for fiat currency or cryptocurrencies like #Bitcoin and #Ether. Many are legitimate, but vigilance is needed as some ICOs involve bad actors who disappear with the funds. Marketplace: Platforms facilitating transactions with #coins used for legal activities. Generally considered low risk because they involve strictly legal #transactions. Merchant Services: Entities allowing businesses to accept #crypto payments, often converting cryptocurrencies to local fiat and transferring funds to merchant accounts. Crucial in facilitating legitimate business transactions through well-known #payment gateways or processors. Miner: Individuals or companies mining cryptocurrencies but not yet transferring them. Mined coins are monitored until forwarded to ensure they are not used for illicit purposes. Other: Includes coins obtained through #airdrops, token sales, or other non-traditional means. Medium risk due to varied sources and potential misuse. P2P Exchange: Licensed entities providing direct cryptocurrency exchange services without intermediaries. Excludes entities from non-cooperative FATF jurisdictions and those without specific financial service licenses. Payment Processor: Services related to processing payments made in cryptocurrencies. Integral to legitimate transaction processing. Seized Assets: Cryptocurrencies confiscated by government authorities. Under governmental control and monitored for future legal disposition. Wallet: Online services for storing and transacting in cryptocurrencies, particularly managing users' private #keys. Wallets are expected to be verified and secure to avoid risks of scams and enhance user protection. Use only verified sources and utilize Monitoring to track changes in the Risk Score to avoid potential blocks and the freezing of funds. #wallet #compliance #aml #cybersecurity #web3 — Loved this post? ♻ Repost & share with your network. Follow Safe3 for the latest in blockchain security trends.

🚀 Stay Ahead in Crypto! Here are the most compelling developments from the last 24 hours that every professional should know about: - Bedrock Protocol Offers Job to Hacker: After a $2 million security exploit, Bedrock's crypto liquid restaking platform offered the hacker a role to help secure the system they compromised, highlighting an innovative approach to handling security breaches by engaging with the attacker to improve security. - Successful On-Chain Negotiation by Shezmu: Shezmu, a crypto lender, recovered nearly $5 million in stolen funds through on-chain negotiations with the hacker, demonstrating effective communication and bounty strategies in resolving security exploits. - FBI Warning on North Korea's Crypto Targeting: The FBI warned of North Korea's aggressive targeting of the crypto industry through sophisticated social engineering campaigns to deploy malware and steal cryptocurrency, emphasizing the need for heightened security measures. - SEC and CFTC Enforcement Actions: The SEC and CFTC took significant enforcement actions, including charging Flyfish Club, LLC, and Uniswap Labs for regulatory violations, highlighting increased regulatory scrutiny in the crypto space. - eToro's Compliance with SEC Order: eToro agreed to a cease-and-desist order and a $1.5 million penalty, and will limit US customers to trading only bitcoin, bitcoin cash, and Ether, reflecting the ongoing regulatory landscape for crypto exchanges. - California Court Upholds Crypto Kiosk Regulations: A California court upheld the state's $1,000 per customer per day withdrawal limit for crypto kiosks, reinforcing consumer protection laws in the crypto sector. #CryptoNews #CryptoUpdates #Blockchain #Cryptocurrency #CyberSecurity #CryptoSecurity #Regulation #CryptoCompliance #InnovativeSolutions #StayInformed

💼 FBI Creates Its Own Cryptocurrency to Expose Fraudulent Schemes 💼 In a bold operation, the FBI launched NexFundAI, an Ethereum-based cryptocurrency, to infiltrate and dismantle fraudulent crypto operations. This unprecedented move has led to 18 arrests across the U.S., U.K., and Portugal, disrupting major pump-and-dump schemes in the cryptocurrency market. 🔍 Key Insights: 🛑 Undercover Operation: The FBI developed NexFundAI, posing as a legitimate crypto asset, allowing them to track fraudsters engaging in wash trades and market manipulation. 🔐 Fraudulent Schemes Exposed: Defendants manipulated token prices by executing sham trades, misleading investors into thinking the tokens were valuable. ⚖️ Major Arrests: 18 individuals and entities have been charged, and $25 million in fraudulent proceeds were seized. Several have already pleaded guilty. 💰 The Impact: 💸 Fraudulent crypto activities cost investors millions, exposing the dark side of the rapidly evolving digital currency space. 🚔 This operation highlights the growing regulatory efforts to combat crypto fraud. ⚙️ What This Means for Investors: 📊 Be Cautious: The case serves as a reminder to thoroughly vet any cryptocurrency before investing. 🕵️ Research Before You Buy: Ensure the tokens you're investing in are legitimate and have verifiable trading activity. 💡 Pro Tip: Always check if cryptocurrencies are backed by credible institutions and avoid trading on hype alone. 🔗 How do you think this will affect future crypto regulations? Share your thoughts in the comments below. For more updates on cryptocurrency and cybersecurity, follow MyCyberWiki on LinkedIn. 📚 Sources: DOJ, FBI, SEC #Cryptocurrency #FBI #CryptoFraud #CyberSecurity #PumpAndDump

Crypto Chaos Hacks, Legal Battles, and Regulatory Shifts Is Your Crypto Secure? The cryptocurrency world continues its wild ride, with hacks, lawsuits, and regulatory changes dominating the headlines. While the potential of crypto is undeniable, these developments highlight the ever-present security risks. Here's a quick look at some of the recent events: Security Breaches: * Major Indian exchange WazirX suffers a multi-million dollar hack. * DeFi platforms LI.FI and Dough Finance fall victim to exploits. * CoinStats hack investigation points towards a sophisticated attacker. Legal Battles: * Craig Wright loses his claim to be Bitcoin's creator, Satoshi Nakamoto. * Bankrupt FTX reaches a tentative settlement with regulators. * Exiled billionaire Guo Wengui convicted of crypto-related fraud. Tornado Cash co-founder faces trial delay, developer remains imprisoned. Regulatory Landscape: Taiwan enacts stricter AML laws for crypto firms. SEC halts lawsuit against stablecoin issuer Paxos, providing potential regulatory clarity. Don't let the crypto chaos impact your business. Cappricio Securities understands the complexities of the cryptocurrency landscape. We offer comprehensive security solutions designed to protect your digital assets, including: 1. Vulnerability assessments & penetration testing to identify and address weaknesses in your systems. 2. Secure storage solutions to safeguard your crypto holdings. 3. Regulatory compliance guidance to navigate the evolving legal landscape. Incident response planning to minimize damage in case of a security breach. Protect your crypto investment and ensure business continuity. Contact Cappricio Securities today for a consultation! contact@cappriciosec.com Contact: 9840975882 9500049738 #cryptocurrency #blockchain #hacks #regulations #legalbattles #DeFi #cryptosecurity #wazirx WazirX #cyberattack #stolencurrency

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐂𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐃𝐞𝐩𝐨𝐬𝐢𝐭𝐨𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 Industry is expected to grow from 37.14(USD Billion) in 2024 to 100.0 (USD Billion) by 2032. The Digital Virtual Currency Depository Market is set to experience significant growth as demand for secure storage solutions for digital assets continues to rise. This market includes institutions and services designed to securely store and manage cryptocurrencies and other digital assets, providing enhanced protection against theft, hacking, and loss. As more institutional investors enter the cryptocurrency market, they are driving demand for regulated, highly secure depository services that can safeguard large amounts of digital currency. 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞, 𝐓𝐨 𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://lnkd.in/e2gmYFZi Market #Drivers Institutional Adoption of Digital Assets: As banks, investment firms, and hedge funds expand their digital asset holdings, there is a growing need for secure depository services to manage and protect these assets. Regulatory Compliance and Security: Regulations increasingly require compliant storage solutions for digital assets, with high standards for security, reporting, and transparency. Regulatory frameworks for digital asset custody services have emerged in regions like North America and Europe, promoting institutional participation. Rising Incidents of Cyber Threats: The prevalence of cyberattacks in the cryptocurrency industry has heightened the need for secure, insured storage solutions to protect against hacking, phishing, and other cyber threats. 📈 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧𝐬: Global Digital Virtual Currency Depository Market: By #Company Binance UpBit OKEX bithumb official Huobi Global Bitfinex BitMEX CoinW Kex Bittrex Bitstamp BTCC Global Digital Virtual Currency Depository Market: By #Type Online Wallet Desktop Purse Mobile Wallet Global Digital Virtual Currency Depository Market: By #Application BTC ETC Others 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐆𝐞𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://lnkd.in/eMDjXiff ✅ 𝐅𝐨𝐥𝐥𝐨𝐰-Stringent Datalytics - Information Technology #DigitalCustody #CryptoSecurity #DigitalAssets #VirtualCurrencyDepository #CryptocurrencyCustody #ColdStorage #HotStorage #InstitutionalCustody #BlockchainSecurity #CryptoInsurance

Binance's Antidote to Crypto Scams: Millions of Poisoned Addresses Detected! ️ Cryptocurrency enthusiasts, rejoice! Binance's security team has developed a powerful weapon against address poisoning scams – a sophisticated algorithm that's already identified millions of spoofed addresses across BNB Smart Chain and Ethereum. How it works: Imagine a scammer sends tiny crypto amounts to an address resembling yours. Their goal? Trick you into accidentally sending them your funds. Binance's algorithm acts as your guardian angel. It detects suspicious transfers (near-zero value, unknown tokens) and flags them before you click "send." The Numbers Don't Lie: Over 13.4 million spoofed addresses on BNB Smart Chain neutralized! A staggering 1.68 million on Ethereum caught red-handed! Beyond Binance: This innovation extends to the wider crypto community! Binance partners with HashDit, a Web3 security firm, to register these spoofed addresses in their database. This empowers other crypto service providers, like Trust Wallet, to warn users about potential scams. A Cautionary Tale: Just a few weeks ago, an unsuspecting user lost a whopping $68 million to address poisoning. Luckily, the funds were returned (possibly due to public scrutiny!), highlighting the critical need for such security measures. The Future is Secure: This new algorithm bolsters HashDit's user-facing tools, ensuring even greater protection for the entire crypto ecosystem. Stay vigilant, stay informed, and trade safely! #Binance #CryptoSecurity #AddressPoisoning #Web3 #Innovation #SafetyFirst

Liminal Responds to WazirX’s Allegations Following $235 Million Crypto Breach Digital custody provider Liminal has refuted claims following WazirX’s $235 million security breach, claiming that the exchange still boasts millions of assets on its system. The continuous conflict begs doubts regarding openness in the sector and confidence in crypto security. To Read More:- https://lnkd.in/gQ5HVUht #bitcoin #Crypto #Liminal #WazirX

🚨 Boom! 💥 $5.7M in Stolen Ronin Crypto from crypto 🤦♂️ hack Recovered by Norwegian Police 🇳🇴🚔 🚨⚠️ Another Massive Crypto Heist Bust - Authorities Yank Millions from Notorious Hackers! 💰💰 👏👏👏 Great job to all recovering money from these bad actors! 👎👎👎 They have no reason to be on any screens! 🚫📺 Norwegian law enforcement has successfully recovered 💰💰 $5.7 million in cryptocurrency assets stolen in the 2022 Ronin Network hack, the biggest crypto hack of all time! 💰💻 🌐 What Happened: Sky Mavis, creator of the platform, announced the recovery. 🎉 Total of $40 million worth of stolen cryptocurrencies frozen since the exploit. 🔒 🔍 Details: The Ronin network, an Ethereum sidechain used for gaming, was hacked in March 2022. 💻🕵️♂️ Suspected perpetrators: North Korean cybercriminal group Lazarus Group. 🇰🇵👾 Stolen: 173,600 ETH and 25.5 million USD Coin, worth over $600 million at the time. 💰💰💰 💡 Why It Matters: Recovery requires coordination among law enforcement, lawyers, accountants, and blockchain forensic teams. 🧑⚖️🧑💼🧑🔬 85% of recovered funds will be deposited into the Axie Infinity treasury. 💰🎮 Stay tuned for more updates! 🚀 #CryptoNews #RoninHack #Blockchain #CyberSecurity #AxieInfinity #fintech #cryptocurrency #crime #lawenforcement #cybersecurityexperts #financialcrime