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According to Cointelegraph, Revolut has blocked up to $13.5 million in potential fraudulent cryptocurrency transactions between June 1 and September 1, 2024. This move signals an increasing effort by financial platforms to combat rising threats in the crypto space. While 92% of transactions continue to be processed instantly, the remaining 8% are subject to deeper security checks, including biometric verification such as selfie scans.
JUST IN: REVOLUT BLOCKS UP TO $13.5M IN POTENTIALLY FRAUDULENT CRYPTO TRANSFERS BETWEEN JUNE 1 AND SEPT. 1, 2024 ~ COINTELEGRAPH
Revolut Shields $13.5M in Crypto from Fraud Revolut’s latest move to block $13.5M in fraudulent crypto transactions is a clear signal that platforms are stepping up their defense as threats rise. 92% of transactions are still processed instantly, but the 8% under deeper… https://t.co/dJO6dQFYRt
Revolut Stops $13.5M in Crypto Hacks – Keeping the Bags Safe! Revolut just deterred crypto hackers, shutting down $13.5M in fraud over the last few months. While 92% of transactions breeze through, that other 8%? Extra checks + biometric layers - think selfie scans to lock down… https://t.co/BUPlhKKIBP