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StarCheck Announces The Most Accessible and Affordable Retail AML Checks

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After $24.2bn was stolen in crypto-related fraud in 2023, individuals and businesses are taking preventative measures with their wallets, leveraging do-it-yourself retail AML wallet-checking services.

TALLINN, ESTONIA — StarCheck – a preventative best-practice tool that allows retail users to perform private AML checks – has just announced that their service is now the world’s most affordable and accessible. A StarCheck Pro package of 100 AML checks costs just $29, making each check $0.29. This tally is considerably lower than the $0.99 pay-as-you-go check service, which is still lower than rival services. Pro packages also offer free priority support on this pricing model, helping users stay ahead of scammers and avoid the consequences of handling ‘dirty’ digital assets.

The Estonia-based company strongly advocates for increased AML and KYC checks due to the unpredictable nature of the cryptocurrency industry. They claim that doing your due diligence with a private AML check before any transaction can be seen as a preventative measure to avoid interactions with unknown and potentially nefarious individuals. Until recently, individuals could not access retail AML checks, as they were sold as services to cryptocurrency exchanges as part of major contracts. Now, the ability of individuals to perform checks on other wallet addresses, thanks to StarCheck, drives the democratization of finance and the distribution of power.

Archy Park, a Spokesperson for StarCheck, provided more perspective about this increased accessibility, “Would you, as a merchant, accept stolen cash, knowing it was stolen? Probably not, right? What if you didn’t know, but could easily find out whether the funds were clean or not, without alerting the other person? That’s a better situation, right?”

“Fortunately, with the transparent nature of on-chain cryptocurrency tokens, we can see the journey that cryptocurrencies have been on, and the StarCheck technology can identify when coins have been stolen, passed through illegal mixing services, or have been held in wallets that are flagged for money laundering, blacklisted for cybercrime, or identified as being under sanction. We provide good and honest cryptocurrency enthusiasts with a valuable service to protect them from the malicious entities that sadly carry out countless cryptocurrency-related frauds every year. The first ten checks are free, for those who want to see for themselves” Park added. 

Described as “Being on the right side of crypto”, the StarCheck service has been designed with two ideal retail users in mind: those who engage in P2P cryptocurrency transactions, and merchants who have decided to accept cryptocurrency as a payment method. These retail users must engage in the four-step checking process, which consists of pasting the counterparty’s wallet address, selecting the asset the receiver will be sent, clicking “Check”, and receiving a score out of five stars. One star indicates that the wallet is almost certainly tainted and the funds have been involved in some fraudulent activity, while 5 stars signify a clean wallet address. Each check can be performed on over 8,000 different cryptocurrencies, with the result providing both a shareable link (which can be used to inform the wallet owner or law enforcement), and a signed PDF report. 

It’s not uncommon for cryptocurrency addresses to get flagged for illicit activities, due to the aforementioned transparent nature of blockchain activity. Until now, non-criminal users being flagged by crypto exchanges have been the victims of bad luck, accidentally holding illicit funds. Now, with an affordable preventative tool at its disposal, the industry and its investors can overcome this issue. The impact should be felt far and wide, as account blockings and illicit transactions are minimized, thanks to people taking more precautions.

For retail users, AML checks were once just a part of the cryptocurrency exchange sign-up process, but now they’re accessible to all. By overcoming the need to sign AML contracts with big companies, StarCheck aims to continue educating and advocating for AML checks at a retail level. 

About StarCheck

StarCheck is a rapid and efficient AML verification service for cryptocurrency wallets. The tool allows you to examine wallet addresses to prevent USDT, Bitcoin, Ethereum, and 8000+ assets from being frozen by exchanges or custody services.

Media Contacts

Company name: StarCheck

Company Website: StarCheck.io 

Company Email: support@starcheck.io 

For more information and official comment from StarCheck, contact Archy Park.

Telegram: https://t.me/PR_StarCheck

Email Address: archypak@starcheck.io

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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