Fraud Prevention in Crypto Payments

"Fraud in Web3 hit $2.2B last year and it’s rising." - Ulisse Dell'Orto, Vice President Global Revenue, Hypernative Crypto scams and fraud hit $2.2B in 2024 and exchanges are now liable for the losses. Hypernative’s fraud prevention tools help compliance teams spot scam rings, phishing schemes, and risky transactions in real time. Unlike outdated AML systems with delayed detection, Hypernative maps entire fraud networks in seconds and stops attacks before they drain user wallets. This episode is a deep dive into what works, what doesn’t, and how to build a safer Web3 payments system. --- 00:00 Why Fraud Prevention Matters 00:38 $2.2B in 2024 Losses 01:12 Where AML Tools Fail 01:51 New Tactics Used by Scammers 02:27 Real-Time Detection Challenges 02:57 Linking Offchain and Onchain Events 03:33 Scam Example: Pig Butchering on Coinbase 04:04 Exchanges Now Liable 04:40 How Hypernative Tracks Fraud Rings 05:11 Manual Reporting vs. Real-Time Detection 05:47 Case Study: Frontend Attack on Curve 06:21 Full-Spectrum Fraud Protection --- Explore Upcoming Events 👇 ➣ Stable Summit III: Devconnect • Website: https://www.stablesummit.xyz/ • Email: info@stablesummit.xyz • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/devconnect2025?typeform-source=www.stablesummit.xyz ➣ Stablecoin Summit: Singapore by XREX & Unitas • Website: https://stablecoinsummit.com/ • Email: team@stablecoinssummit.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/stblcoin3?typeform-source=stablecoinsummit.com ➣ Blockchain Oracle Summit: Devconnect • Website: https://blockchainoraclesummit.io/ • Email: info@partyactionpeople.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/BOS25apply ➣ Listen to the Stable School Podcast Link: https://stableschool.org/podcast ➣ Follow Stable Summit on X Link: https://x.com/stable_summit — About: By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.