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❕NEWS Binance Partners With Oasis Labs To Fight Crypto Fraud

NoLimits15

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Binance is now working with security firm Oasis Labs to launch CryptoSafe Alliance which will help businesses share their security intelligence and any malicious activity that occurred, without having to expose any important business data. Oasis Labs will offer to help any businesses that are looking to safeguard their data. This is a good collaboration as crypto fraud is a BIG problem now...
 
Yeah especially during this pandemic, cryptocurrency frauds are increasing Everytime. And Binance is most reputed exchanger , I hope we see crypto frauds coming down from next few days
 
Binance is now working with security firm Oasis Labs to launch CryptoSafe Alliance which will help businesses share their security intelligence and any malicious activity that occurred, without having to expose any important business data. Oasis Labs will offer to help any businesses that are looking to safeguard their data. This is a good collaboration as crypto fraud is a BIG problem now...
Now this is one good news I like to see about Crypto. It is truly the right step in the right direction. I hope more alliances will be put in place to create safe platforms for crypto. There is a need to curb these fraudulent activities and urgently too.
 
Am glad to read this and binance on their own has also improve the security of their site, login in unto finance requires many verification. This is a good move by the two companies
 
It a good development and if other Exchange platforms can also form alliance it will be great to enable them exchange security measures so that hacking and scamming can be reduced drastically.
 
That's a very good development since the rate of crypto theft is increasing these days. But how can they recover crypto that has been transferred already?
 
Yeah this is good since there are more crypto scams and fraud during this period , it's better they do so incase of unforseen circumstances
 
Binance, I salute your courage for this move, coinbase, bitfinex, MXC and other exchange platform can also do the same because the exchange sites are much prone to attacks than wallets.
 
Binance, I salute your courage for this move, coinbase, bitfinex, MXC and other exchange platform can also do the same because the exchange sites are much prone to attacks than wallets.
Yeah, this is why I don't use exchange site to store my tokens, I only use them when there is need to exchange one crypto currency for the other
 
Yeah, this is why I don't use exchange site to store my tokens, I only use them when there is need to exchange one crypto currency for the other
All site online is always at risk the best I would prefer to do is to get an offline wallet , so that the person will rest assured that everything is safe
 
All site online is always at risk the best I would prefer to do is to get an offline wallet , so that the person will rest assured that everything is safe
How does offline wallet works? Is it really safe? How can someone be able to control it fully on his or her own? .
 
Offline wallet is very secure I don't think it can be hacked , it has it private keys that you can use to transfer funds. It like a flashdrive.
Actually hearing of offline wallets for the first time. Are these wallets designed/created by the same person(s) who did the online wallets?
 
Actually hearing of offline wallets for the first time. Are these wallets designed/created by the same person(s) who did the online wallets?
Well, l heard of some time ago but I didn't really try to use and have some experience. But from what I read, they said are really trusted wallets that are very good in saving cryptocurrencies especially.
 
Offline wallet is very secure I don't think it can be hacked , it has it private keys that you can use to transfer funds. It like a flashdrive.
Ok. Like flash drive, can it be affected by virus causing the wallet not to be accessible and how can one get such offline wallet, secondly this means that recent price of coins won't be available on the wallet
 
Ever encounter any crypto investment scam,don't panic,explain your experience to Dr Suzanne (Saren55 on telegram) a licensed fraud analysts . She'd assist you with recent investment scams recovery possibility. Note that you'd ask before you know if your lost funds can be recovered.
Sir, it is best for a person that has been a victim of cryptocurrency scam to report to official channels like Binance as stated in this thread. I have never seen reporting a crypto scam to any individual person as feasible and I maintain that. It can only lead to more potential scam.
 
It is high time that most trading platforms stood together to fight crypto fraud. The cases of crypto fraud has really painted cryptocurrency in black and many have already seen crypto as just a way of defrauding participant.
 
As long as crypto fraud continues to thrive, the long awaited mainstream acceptance of cryptocurrencies would take much longer than it should. Government would keep on citing cryptocurrency fraud as the reason why they would not recognize and accept crypto in their countries.
 
The gullibility of the people that are into cryptocurrency is more or less the main reason why there are more fraud. With this respect, this body should endeavor to make sure there is more sensitisation on crypto.
 
I am not confident that crypto fraud will ever go into extinction so it could be reduced because even in the reality our traditional currencies people steal engage in fraud with them so it's all about managing the challenges and preventing further damages.
 

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