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Sftimo Exchange Takes Multiple Measures to Prevent Financial Fraud

  • Friday, March 31, 2023, 12:18 pm
  • ACROFAN=PRNewswire

SINGAPORE, March 31, 2023 /PRNewswire/ -- Recently, social media often see various kinds of information claiming that one famous blockchain wallet project is about to carry out token airdrop, with activity links attached. Many users believe this information and suddenly discover that their blockchain wallet assets have been transferred by hackers within a short period time after clicking on the link, resulting in heavy losses. Yes, in fact, there are no air drop plans for these projects, but criminals are spreading false information and stealing user assets through fake accounts, which is typical financial fraud.

In today's world, financial fraud has become a serious problem. Financial fraud refers to the act of obtaining money or property through fraudulent means. Common fraudulent means include false investments, counterfeiting securities companies, counterfeiting banks, and so on. The cryptocurrency market is no exception. Due to the anonymity and irreversibility of cryptocurrency transactions, fraudsters often use these characteristics to engage in fraudulent activities. Sftimo Exchange, as a cryptocurrency exchange dedicated to protecting user assets, has taken multiple measures to prevent such financial fraud.

First of all, Sftimo has a complete KYC mechanism and anti-money laundering procedures, follows strict authentication procedures, cooperates fully with regulatory and law enforcement agencies around the world, and establishes a sound compliance plan, including anti-money laundering principles and tools used by financial institutions to detect and handle suspicious activities, and tracks and monitors encrypted assets sent to and from their websites.

Secondly, Sftimo Exchange adopts advanced security technologies, including multi-signature wallets, cold storage, and holding proof structures, to ensure the security of users' assets. In addition, Sftimo Exchange will regularly conduct security vulnerability detection and risk assessment to timely repair vulnerabilities and enhance security.

Among them, the holding proof structure is a unique development method for Sftimo, which is continuously researched and optimized in platform services. The platform can rely on value, accumulate ecological resources and energy in a scientific and efficient way of management and operation, and export this energy to the entire industry. Finally, through enabled transaction applications, the entire ecosystem is rewarded, forming a development trend of circular empowerment and sustained growth.

Finally, Sftimo Exchange attaches importance to user education and risk warning. The Exchange will provide relevant knowledge and risk tips on the cryptocurrency market to help users understand market risks and prevent fraud. In addition, the exchange will promptly notify users of suspicious activities and risk events, reminding users of risks and protecting their own assets.

In order to ensure the security of customer assets, the core team of the Sftimo platform has gathered senior technical engineers, world-class risk control experts, other industry leaders, and hundreds of senior security personnel. Using the world's leading encryption technology, they have studied the latest hacker attack methods, continuously optimized and upgraded their technology, and are committed to providing safer and more stable digital asset investment transactions for global users.

Sftimo is known by the market as the "most trusted partner" and conforms to the Hyperledger standard, which provides various frameworks, tools, standards, and guidelines for blockchain application development, enabling developers to build secure applications that optimize and enhance various industry processes, ensuring the security of funds and customer data.

As an emerging cryptocurrency trading platform, Sftimo Exchange will continue to provide users with a secure and reliable trading environment, prevent financial fraud, and contribute to the development of the cryptocurrency market.

Company: Sftimo Blockchain Markets Limited
Contact Person: jeremy lau
City: Singapore