Amid this incident of suspicious activity from Alameda wallets, ChangeNOW strives to resist illegal money flow and remains committed to high compliance standards and the prevention of fraudulent activity.
The ChangeNOW compliance team immediately reacted to first reports of fraudulent activity by investigators. They took action to blocklist suspicious wallets right away, and now the security team is working hand-in-hand with investigators to detect the movement of the illegal funds. According to a team statement, they are also staying in close touch with the community and taking any tip-offs on funds with suspicious routes.
The ChangeNOW risk management system has a successful track record when it comes to cases involving fraud and money loss prevention, including the Compound bug recovery that was worth $15M, and $1 million-worth MATIC incident, among others.
If there are any investigation inquiries or alerts of fraudulent activity, the compliance team can be reached round-the-clock at [email protected]. Any illicit operations are detected and investigated in strict accordance with the Security & Trust Protection Terms.
“The security of funds and company reputation are cornerstones for ChangeNOW. We strive hard to prevent any illegal activity on the platform, and always respond to the challenges the global security faces. We remain open for any collaboration on the Alameda issue, and will stay proactive until this situation is resolved.” – the ChangeNOW team stated.
ChangeNOW is a non-custodial cryptocurrency exchange platform that allows users to buy, sell, and exchange digital assets, without hidden fees. As one of the largest advocates for mass crypto adoption, ChangeNOW seeks to create a secure, private, and intuitive environment for users.
ChangeNOW offers its user-friendly website and a mobile app available on the AppStore and Google Play for a fast, transparent, and secure crypto exchange process.
The platform offers 800+ crypto and fiat assets, has no upper limit, and most transactions are completed within five minutes.