SmartTrust.io Introduces Crypto Fraud Detection - A Data-driven Approach To Cryptocurrencies And Transactions.
May 18, 2023
SmartTrust.io is an AI-based crypto transaction monitoring with a seamless user experience.
Tallinn, Estonia - May 18, 2023 —
SmartTrust, AI-Powered fraud detection for Ethereum, Polygon and Binance Smart Chain (BSC), introduces a product that analyses wallet addresses and predicts their fraud probability using artificial intelligence. With the invention, SmartTrust helps crypto traders to detect and prevent the risk of fraud. Government agencies, cryptocurrency businesses, financial institutions, and independent traders now can engage confidently with cryptocurrency.
Centralized payment processors are helping cryptocurrency payments become more commonplace. The public's awareness of cryptocurrency and related fraud and criminality is, nonetheless, growing. The number of scams involving cryptocurrencies has increased recently. Statistics from 2023 show that 7,000 persons claimed losses totaling more than $80 million. Fraudsters are focusing on cryptocurrency exchanges. Digital verification such as SmartTrust can help with this.
SmartTrust developed AI-based Crypto Fraud Detection and AI-based Crypto Transaction Monitoring to secure users' cryptocurrency wallets. With the combination of the usage of artificial intelligence, blockchain addresses, and interaction patterns with other lessons, along with other sources, SmartTrust’s crypto fraud detection can determine fraud-related risks of transactions. In real-time, its AI analyzes these traces when users submit a fraud check query.
With the current backtesting results of 98% fraud addresses recognition, users might find SmartTrust a reliable and legit place to secure their cryptocurrency wallets. The user just needs three steps to use the Fraud Score Check: copies and pastes the wallet address into the SmartTrust platform, and waits for its artificial intelligence-based algorithm to analyze the address. The application works properly when you test it with a wallet address. You can find more information on smarttrust.io/demo and the menu.
In addition, SmartTrust also brings to the market a potential product - Crypto User Segmentation. Big Data Analytics-based User Segmentation API ranks addresses based on their revenue potential. While platforms rarely make money from these addresses, only 10% of the addresses generate revenue. The User Segmentation API from SmartTrust.io’s crypto user segmentation offers users the way to identify that 10%.
For more information, please visit https://smarttrust.io/.
About SmartTrust
SmartTrust.io’s goal is to make cryptocurrency secure for everyone. The business offers a predictive crypto fraud score based on artificial intelligence.
Contact Info:
Name: Martin Ploom
Email: Send Email
Organization: SmartTrust.io
Website: https://smarttrust.io/
Release ID: 89097904
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
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