PANews reported on October 8 that according to Cointelegraph, the cryptocurrency-friendly new bank Revolut said that in the past three months, it has blocked $13.5 million worth of "potentially fraudulent cryptocurrency transfers." Woody Malouf, head of Revolut's financial crime and fraud department, said that in 2023, it saved customers more than $590 million in potential fraudulent transactions. Such potential fraud cases include celebrity endorsement scams, deep fakes, and AI-generated scams.