TL;DR Breakdown
• Organization with a vision toward crypto performance creates a tool to report thefts
• The scam reporting tool will be free and is available on the Cybera website.
Recently the organization focused on the performance of the crypto in the United States; Cryptocurrency Compliance Cooperative announced its scam reporting tool created with the firm Cybera. CCC will seek to reform the crypto landscape so new enthusiasts do not suffer from the scams in the market every day.
Cybera, as an international platform, would be providing support to CCC so it can run its tool. With this partnership, it is expected that crypto crimes will be eradicated both in the United States and in the United Kingdom, where the Cybera firm also operates.
How does this scam reporting tool work?
People have been exploring the crypto market for over a decade, but this new technology has been subject to virtual scams. However, CCC is trying to remove that problem through a scam reporting tool that will go live today.
According to the organization, this resource will allow crypto fans to report any illicit activities. The scam reporting tool will be so powerful that it will give agents the ability to locate the point where the scam was perpetrated. The intelligent system will create support to prevent the problem from happening again.
But the extension will report failures presented by ATMs, crypto exchanges, or wallets through a form that Cybera will share. The affected person will likely recover their extracted funds with this tool, no matter how severe the problem is.
The partnership between CCC and Cybera promises to avoid crypto thefts
The Cryptocurrency Compliance Cooperative CEO, Sattler Seth, clarifies that his commitment to the market is fundamental. His team works hard to provide information and a safe investment outlook. Sattler says that his partnership with Cybera will allow an efficient tool to be released to curb crypto thefts.
Before developing the crypto-based scam reporting tool, around 2,000 thefts were reported in 2021 alone. The figure is expected to drop to over 50 percent with this spread, making crypto trading safe. The Federal Bureau of investigation indicates that around $28,000,000 in crypto thefts were reported last year.
The head at Cybera, Staub Nicola, believes this collaboration with CCC will improve crypto trading. Staub feels those affected by crypto thefts should be supported, and the scam reporting tool will give them security.
The extension to report crypto theft will go live today and be free to use. Those affected by virtual thefts can report it on the Cybera website to process the case. 2022 is expected to be a year of easing for the crypto market, where thefts decrease in their entirety.
Source: https://www.cryptopolitan.com/scam-reporting-tool-virtual-thefts/