Revolut blocks fraudulent crypto transfers

Quick Summary:

Revolut Blocks $13.5M in Suspected Fraudulent Crypto Transfers In a robust move to enhance security and protect its users, London-based neobank Revolut has halted up to $13.5 million in suspected fraudulent cryptocurrency transfers conducted between June 1 and September 1, 2024, according to a report by Cointelegraph.

Woody Malouf, Revolut’s Head of Financial Crime, revealed that in 2023, the company successfully prevented over $590 million in potential fraud.

By blocking these substantial fraudulent transfers, Revolut demonstrates its dedication to maintaining a secure environment for cryptocurrency transactions.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Revolut blocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 10:00:13 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22967352

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 31 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #121

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