BankSocial® Secura™ is revolutionizing the digital asset enforcement landscape with its cutting-edge platform that proactively safeguards users from a myriad of threats lurking in the rapidly evolving Web3 ecosystem. Backed by a global alliance of industry leaders, including Hedera, XRP, Algorand, Cardano, and Ethereum, BankSocial® Secura™ has established itself as the trusted enforcement engine for Web3.
With over $250 million in scams traced and more than $20 million in assets recovered, BankSocial® Secura™ is setting a new standard in fraud prevention. Since its founding in 2021, alongside the launch of the BSL DAO LLC, BankSocial® has been at the forefront of security measures, pioneering smart contract-based freeze and recovery mechanisms that are now deemed essential in combating digital threats.
The platform’s foresight proved invaluable in early 2024 when its internal security efforts uncovered extensive vulnerabilities across various decentralized ecosystems. What started as an internal security measure escalated into a global enforcement operation, with requests for help pouring in from affected users across the crypto space.
By mid-2024, BankSocial® officially launched Secura™, an AI- and DLT-powered asset security platform that not only proactively prevents fraud but also tracks, traces, and recovers assets exposed to phishing campaigns, scam tokens, and memo field exploits across major blockchains. The platform’s transparency and dedication to escalation have set a new standard in an environment where victims are often left unheard and unassisted.
In September 2024, BankSocial® faced a significant challenge when a wallet tied to the BSL DAO LLC fell victim to external malware and social engineering. Swift action was taken as the platform engaged Kroll for forensic analysis, activated its law enforcement network, and confirmed the integrity of its systems through third-party reviews. The subsequent investigation led to the exposure of deeper vulnerabilities, ultimately tracing the breach back to a rogue developer in the Hedera ecosystem.
The collaboration with key players including Google Cloud, Chainalysis, IBM, and The Hashgraph Association underscores BankSocial® Secura™’s transformation into not just a security tool but the enforcement layer for decentralized finance. As John Wingate, CEO of BankSocial®, puts it, Web3 doesn’t have to mean risk without recourse. The platform is proving that digital finance can be both open and secure, offering real protection and results for users in an increasingly sophisticated landscape of fraud and digital crime.
BankSocial® Secura™ continues to stand as a beacon of security and protection in the digital asset realm, paving the way for a future where users can navigate Web3 with confidence and peace of mind.
For more information, visit BankSocial® at [BankSocial](https://www.banksocial.com).
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