BankSocial® Secura™ Advances a Bold New Standard in Fraud Prevention

In partnership with a Global Blockchain consortium including Hedera, XRP, Algorand, Cardano, Ethereum and Legal, Security, and Ecosystem Leaders

BankSocial® Secura™ Unveils Advanced Stage of Global Anti-Fraud Efforts, Launching Next-Gen Tech & Secura™ Integration for Optimal User Protection

DALLAS--(BUSINESS WIRE) بني ضد المتفق عليها يوم 11 شهر أبريل عام 2025

As Web3 technology rapidly advances, so too do the threats faced by consumers and institutions in the decentralized space. In response to this urgent need, BankSocial® has further deepened its commitment to real-time protection and financial recovery with its expanding Secura™ platform. Developed in partnership with Hedera and supported by key allies like Chainalysis, Google, IBM, and law enforcement agencies worldwide, Secura™ is revolutionizing how we approach digital asset security.

Already boasting an impressive record of over $250M in scams traced and more than $20M in assets recovered, BankSocial® Secura™ is a beacon of hope for scam victims. The initiative is redefining what proactive, transparent digital asset security can look like in the new era of finance.

A Security-First Mission from Day One

Founded in 2021, BankSocial® and the BSL DAO LLC prioritized security from the outset. Early innovations included smart contract-based freeze and recovery mechanisms—now standard-setting features that foreshadowed the need for stronger protective infrastructure in Web3.

That foresight became critical in early 2024. BankSocial®’s investigative efforts uncovered broader vulnerabilities affecting wallets across the Hedera ecosystem—and eventually, beyond, to other chains. What began as an internal security response became a global movement.

Community Leads, Secura™ Scales

Scam victims—many completely outside of BankSocial®’s ecosystem—began reaching out for help. Rather than turning them away, BankSocial® scaled its operations, connecting victims to law enforcement, legal advocates, and trusted ecosystem partners.

The result: frozen assets, tracked “bad actor” identities, coordinated takedowns, and dozens of scams dismantled. BankSocial® became a critical point of coordination for law enforcement across the U.S., EU, Asia, and Australia.

Monitoring and Disrupting Scams in Real Time

Also in 2024, BankSocial® launched a proactive fraud-monitoring initiative using AI, ML, and distributed ledger technology (DLT). The platform began tracking phishing sites, scam tokens, and HTS memo abuses across the Hedera, XRP, Bitcoin, Ethereum and many other ecosystems—many of which dated back to 2022 and had gone largely unnoticed.

The initiative also uncovered evidence of widespread misinformation, user suppression, and targeted harassment aimed at silencing scam victims. BankSocial® countered with transparency, escalation, and open-source intelligence collaboration.

A Breach—and a Catalyst

In September 2024, a wallet used by the BSL DAO LLC was compromised. Responding immediately, BankSocial® engaged law enforcement, started a forensic investigation with Kroll, and escalated the incident to ecosystem leaders.

The breach was quickly traced to third-party malware and social engineering tactics. Independent reviews by leading security teams, including experts from The Hashgraph Association, confirmed that BankSocial®’s internal systems were fully secure and had not been penetrated.

The search for the malware source and operators took several months, engaging cybersecurity firms, crypto analytics companies, and key members of the blockchain community. Finally, in early 2025, the investigation identified a set of rogue developers who had been working on various projects within the Hedera ecosystem. One individual was heavily involved and used an exploit to fund a series of wallets used in major thefts.

After reporting these findings to the FBI, Secret Service, and global law enforcement, the individual deleted all known accounts in January 2025.

A New Standard in Web3 Protection

Today, BankSocial® Secura™ stands at the forefront of a new era in digital asset protection. With cutting-edge technology from Hedera, Google Cloud, Chainalysis, and IBM, Secura is maturing into a future-proof security framework for the decentralized economy.

“Web3 shouldn’t mean risk without recourse,” said John Wingate, CEO of BankSocial®. “We’re demonstrating that digital finance can be both open and fully protected—with a real plan, real action, and real results for users.”