Information Technology
Token Recovery Partners with CYBERA to Strengthen Scam Response and Asset Recovery for Crypto Victims
With the growing adoption of digital assets and the price of various cryptocurrencies reaching all-time highs, the incidence of crypto-related crimes, frauds, scams, and hacks has unfortunately been on the rise. Moreover, the very characteristics of blockchain technology and digital assets have been exploited by criminals. Initiatives and services offered by Token Recovery and CYBERA are expanding the tools and support available to victims and law enforcement, helping to combat crypto crime and recover lost or stolen digital assets.
Crypto exchanges and other VASPs (Virtual Asset Service Providers) that are focused on enhancing scam aftercare, reducing customer dropout, and building trust on their platforms, can benefit from collaborating with CYBERA and Token Recovery platforms. This partnership provides support for victims of scams and contributes to a safer and more secure crypto environment. By prioritising scam prevention, exchanges and VASPs not only reinforce customer trust but also position themselves as leaders in industry innovation.
Token Recovery provides critical intelligence, by identifying scam wallet addresses, which CYBERA integrates into major crypto-sharing networks, like Chainalysis. This ensures near real-time alerts across the crypto ecosystem, enhancing financial security and preventing further victimisation. Through this collaboration, information sharing within the crypto industry is strengthened to combat scams/theft.
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Gain access to 99% accurate intelligence directly sourced from real scammer activity and interactions. Each month, we deliver thousands of newly identified mule accounts and bad wallet addresses to enhance your transaction monitoring and block fraudulent transfers. Protect your customers, strengthen your AML compliance, and drive scammers away from your network.
When customers are scammed, streamline the reporting process by automating scam payment notifications to beneficiary VASPs and law enforcement, significantly improving victims' chances of recovering stolen funds. Turn scam losses into reputation-building success stories.
Token Recovery are team of blockchain investigators, former law enforcement officers and legal experts in with deep seated knowledge of digital assets. Unlike blockchain analytics companies that focus on providing pure analytics and investigative services, we also offer an end-to-end solution assisting in the attempt to recover your lost and stolen tokens. One that pairs professional blockchain expertise with legal backing.
View original content: https://www.prnewswire.co.uk/news-releases/token-recovery-partners-with-cybera-to-strengthen-scam-response-and-asset-recovery-for-crypto-victims-302333773.html