Two of the industry’s largest crypto platforms, Nexo and Bybit, have rolled out new security initiatives aimed at curbing scams and streamlining stolen fund reporting. Both initiatives come as fraud remains a major concern for the sector. According to Chainalysis, cryptocurrency scams caused at least $9.9 billion in on-chain losses in 2024, driven by schemes such as romance scams, long-term “pig butchering” campaigns, and tech support impersonation
source: https://finbold.com/nexo-and-bybit-double-down-on-crypto-security-with-new-client-protection-tools/