CUBE3 Increases the Scope of AI Fraud Detection and Prevention

CUBE3 implements a revolutionary approach to preventing crypto fraud by scanning Web2 content such as forums, social media platforms, compromised addresses, phishing sites, and dark web activities. Leveraging LLMs and sentiment analysis, CUBE3.AI now identifies and extracts fraudulent addresses published on these platforms.y

Therefore by synthesizing both blockchain and Web2 data, our AI generates a comprehensive risk profile for each address. This allows us to detect crimes in progress, but more importantly, identify potential threats before they materialize for our customers.

CUBE3 Scans for Darkweb Wallet Sales

Dark web wallet sales typically involve transactions between anonymous buyers and sellers on specialized marketplaces. They signal future fraud and criminal activity. Buyers browse listings for wallets containing various cryptocurrencies, with prices determined by factors like the type of cryptocurrency, the wallet’s balance, and any associated features. CUBE3 collects data from these types of sites in order to flag any associated addresses with the anticipation they will be used for illicit purposes.

CUBE3 Can Prevent Interaction with Ransomware Syndicates

A type of malware that encrypts a victim’s files, making them inaccessible until a ransom is paid. Attackers often target businesses and individuals to extort money, threatening to delete or leak sensitive data if the ransom is not met. CUBE3 can prevent interaction with addresses from sanctioned countries like Lockbit, a prominent Russia based ransomware syndicate:

CUBE3 Helps Combat Sextortion

These types of attacks are highly personal and propagate extortion through fear and reputational damage. Reports of scams and wallet addresses are typically found on message boards and email spam traps. For example, below, a Reddit user shares an example of sextortion attempts against them, including the specific BTC wallet address.

This is a standard format for messages reported in public forums and scam alert sites.

CUBE3 Flags Donation Impersonation

Scammers regularly pose as legitimate charities or individuals in need to solicit donations. These scammers may exploit current events or natural disasters to create a sense of urgency and encourage donations. Once a donation is made, the scammer may disappear or provide false information about the charity or individual they claim to represent.

CUBE3 can help prevent these type of scam by aggregating and flagging addresses used in phishing emails, fake social media accounts, or websites designed to trick unsuspecting donors.

CUBE3 Tracks Advance Fee Scams

A type of fraud where scammers promise victims significant benefits or returns in exchange for a small upfront payment. This is one of the oldest scams around! However, once the victim pays the fee, they find that the promised benefits are not delivered, and can’t obtain a refund. This type of scam exploits victims’ desire for a bargain and their trust in online platforms. Yet, the addresses surrounding these types of messaging can be detected on various social platforms and forums and scored by CUBE3 as malicious in order to block interaction.

CUBE3 Aggregates Phisher Addresses

One of the most widely known scams is where fraudsters attempt to trick individuals into revealing personal information, such as passwords, credit card details and Web3 seed phrases. Scammers use fake emails to trick victims into clicking on malicious links. CUBE3 aggregates phishing and spam-as-a-service providers who share their wallets.

Recognize Romance Scam Addresses with CUBE3

The goal of online romance scams (also known as “pig butchering”) is to gain victims’ trust, affection and assets. Once trust is established, scammers often ask for money under false pretenses, such as urgent medical expenses, travel costs or fraudulent investment schemes. These scams can be emotionally devastating and financially damaging, accounting for an estimated $4.5 billion in losses in 2023. CUBE3 catalogs addresses of known incidents and ensuring customers are not exposed to these fraudsters.

CUBE3.AI: A New Standard in Fraud Prevention

Fraudsters are constantly evolving, but so is CUBE3.AI. With its best-in-class AI technology and comprehensive approach, CUBE3 sets a new standard in Web3 security. CUBE3.AI secures the digital future by safeguarding businesses and users from fraud.

To see our newest features in action, book a demo at cube3.ai/book and sign up at panorama.cube3.ai.