Keeping You Safe and Protected!
To thwart illegal activity and transactions occurring on our platform, we have implemented automated Blockchain monitoring and prevention of illicit Crypto Currency transactions (KYT). Ensuring that we fulfill our safety obligations to all our valued users, and more importantly our commitment to keeping your digital wallet 100% safe and secure always.
How it Works?
The CryptoSouk investigation software helps us identify and stop bad actors who are using cryptocurrencies for illicit activity on our platform.
Our Blockchain monitoring system supports all major Crypto Currency, so you can always be rest assured that CryptoSouk have you fully covered.
- If for example the CryptoSouk security monitor detected a Crypto ransom note with a specific Crypto address attached to it, it would automatically find any connected wallets associated with that address.
- Our compliance team would then monitor and track transactions to ensure a record is kept for possible future investigations.
- The compliance team use KYT to automatically project risk scores on suspicious transactions, enabling swift mitigation of fraudulent behavior on the platform.
- Once suspicious activity enters our database, we’re able to quickly identify connections with future illicit behavior, and identify potential suspects before they cause harm.