Nexo Launches Anti-Scam Engine to Boost Client Protection in Digital Assets
The post Nexo Launches Anti-Scam Engine to Boost Client Protection in Digital Assets appeared on BitcoinEthereumNews.com. Nexo, the digital-asset wealth platform, has rolled out a new Anti-Scam Engine designed to stop scams before clients lose money, an upgrade the firm says balances strong protection with a frictionless user experience. The risk-based system monitors transactions in real time, spotting subtle red flags and surfacing clear, human-readable prompts only when the platform determines the risk is elevated. Rather than broadly blocking activity, Nexo’s approach runs default-on checks quietly in the background, gives customers simple options to review or proceed, and, in rare, high-risk situations, pauses transactions for a quick internal review to prevent losses. “Our philosophy is simple: strong protection should feel invisible until it’s needed,” said Elitsa Taskova, Chief Product Officer at Nexo. “With this enhancement, Nexo is keeping clients safe from increasingly sophisticated scams while preserving control and convenience.” Smarter, More Targeted Protection The Anti-Scam Engine blends contextual analysis with advanced blockchain security integrations and multiple intelligence feeds. That lets the system surface alerts only when warranted, avoiding the blunt overblocking that frustrates legitimate users while still intervening decisively when behavioral or transactional signals suggest danger. Explainable prompts are a core part of the design: rather than presenting cryptic warnings, Nexo shows short, understandable guidance so users can make informed decisions. When a flow is deemed especially suspicious, the platform may temporarily halt the transfer and route it for rapid review to block potential losses. Tackling an Evolving Threat Financial scams targeting crypto users are growing in scale and sophistication. Long-running deception techniques, often called “pig butchering” schemes, where victims are groomed to voluntarily move funds, have become particularly destructive. According to Chainalysis, cryptocurrency scams led to at least $9.9 billion in on-chain losses in 2024. Nexo says the Anti-Scam Engine is tuned to detect a wide range of schemes, from romance scams and tech-support impersonation…
The post Nexo Launches Anti-Scam Engine to Boost Client Protection in Digital Assets appeared on BitcoinEthereumNews.com.
Nexo, the digital-asset wealth platform, has rolled out a new Anti-Scam Engine designed to stop scams before clients lose money, an upgrade the firm says balances strong protection with a frictionless user experience. The risk-based system monitors transactions in real time, spotting subtle red flags and surfacing clear, human-readable prompts only when the platform determines the risk is elevated. Rather than broadly blocking activity, Nexo’s approach runs default-on checks quietly in the background, gives customers simple options to review or proceed, and, in rare, high-risk situations, pauses transactions for a quick internal review to prevent losses. “Our philosophy is simple: strong protection should feel invisible until it’s needed,” said Elitsa Taskova, Chief Product Officer at Nexo. “With this enhancement, Nexo is keeping clients safe from increasingly sophisticated scams while preserving control and convenience.” Smarter, More Targeted Protection The Anti-Scam Engine blends contextual analysis with advanced blockchain security integrations and multiple intelligence feeds. That lets the system surface alerts only when warranted, avoiding the blunt overblocking that frustrates legitimate users while still intervening decisively when behavioral or transactional signals suggest danger. Explainable prompts are a core part of the design: rather than presenting cryptic warnings, Nexo shows short, understandable guidance so users can make informed decisions. When a flow is deemed especially suspicious, the platform may temporarily halt the transfer and route it for rapid review to block potential losses. Tackling an Evolving Threat Financial scams targeting crypto users are growing in scale and sophistication. Long-running deception techniques, often called “pig butchering” schemes, where victims are groomed to voluntarily move funds, have become particularly destructive. According to Chainalysis, cryptocurrency scams led to at least $9.9 billion in on-chain losses in 2024. Nexo says the Anti-Scam Engine is tuned to detect a wide range of schemes, from romance scams and tech-support impersonation…
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