Crypto-friendly neobank Revolut said it has blocked $13.5 million worth of potentially fraudulent cryptocurrency transfers in the past three months, PANews reported.
Woody Malouf, head of financial crime and fraud at Revolut, said it saved its customers more than $590 million in potentially fraudulent transactions in 2023.
Such potential fraud cases include celebrity endorsement scams, deep fakes, and AI-generated scams.
