CUBE3.AI Unveils AI-Driven Technology to Detect and Block Rising Tide of New Scams and Fraud

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
[email protected]