# Fraud Prevention in Crypto Payments

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-10-07
- Duration: 06:48
- Watch: https://streameth.org/watch/yt-r7dsn3bIovg
- YouTube: https://www.youtube.com/watch?v=r7dsn3bIovg

## Description

"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 Unlike outdated AML systems with delayed detection, Hypernative maps entire fraud networks in seconds and stops attacks before they drain user wallets.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.

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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

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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.