According to an announcement, cryptocurrency-friendly startup bank Revolut said it has stopped millions of dollars in potential customer losses from fraudulent cryptocurrency transfers over the past three months.
Revolut's head of financial crime and fraud, Woody Malouf, said the company estimates it saved customers more than $590 million in potentially fraudulent transactions in 2023, including celebrity endorsement scams, deepfakes, and artificial intelligence-generated scams.
Revolut has blocked $13.50 million worth of "potentially fraudulent transactions" in the past three months
2024-10-07 23:25:58
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