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ChangeNOW stands against fraudulent actions amid Alameda wallets' suspicious activity

Taking into account the company's high AML standards in terms of resistance to illegal activity, ChangeNOW is putting serious effort into preventing such incidents as the recent Alameda wallets’ case.

Once fraudulent activity was first reported by investigators, the ChangeNOW compliance team responded immediately and blocklisted suspicious wallets. Currently, the compliance team is working closely with investigators to detect the flow of the illegal funds, while also keeping a close eye on alerts from the community on funds with suspicious trails, according to a team statement.

The ChangeNOW risk management system has a proven performance record, with several successful cases of fraud and money loss prevention occurring in the past. Among them is the Compound bug recovery worth $15M, along with 2020’s $1 million-worth MATIC incident and many others.

12.28 Alameda Incident Statement-01.png

The compliance team is open round-the-clock for investigation inquiries and fraudulent activity alerts at [email protected]. All 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 compliance faces. We remain open for any collaboration on the Alameda issue, and will stay proactive until this situation is resolved.” - the ChangeNOW team stated.

For media inquiries, please contact: pr@changenow.io

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