Nexo rolls-out scam detection system to safeguard clients

In this post:

• Nexo has introduced its Anti-Scam Engine, which detects and prevents scams before clients’ funds are lost.
• The firm said the Anti-Scam Engine detects subtle red flags in transactions and issues real-time, intelligence-backed alerts only when risk is elevated.
• Nexo said its Anti-Scam Engine addresses such threats, including romance scams, tech support impersonation, and high-yield Ponzi-style schemes.

Nexo introduced its Anti-Scam Engine on Monday, which is a new risk-based defense system that detects and prevents scams before clients take action. The company said the upgrade reinforces its commitment to platform trust, client safety, and responsible innovation in the digital asset sector.

The company said the Anti-Scam Engine detects subtle red flags in transactions and issues real-time, intelligence-backed alerts only when risk is elevated. Nexo believes that by combining contextual analysis with advanced blockchain security integrations, the system intervenes and surfaces clean prompts only when risk is detected.

Nexo aims to address the surge in crypto scams

Nexo said its initiative delivers default-on, risk-based checks that run silently in the background. The enhanced engine also delivers explainable prompts with simple options for clients to review and proceed. The digital assets wealth platforms also confirmed that transactions may be paused for a quick review to prevent losses in rare high-risk cases.

“Our philosophy is simple: strong protection should feel invincible until it’s needed. With this enhancement, Nexo is keeping clients safe from increasingly sophisticated scams while preserving control and convenience.”

-Elitsa Taskova, Chief Product Officer at Nexo.

Nexo noted that financial scams are evolving rapidly, blending cross-border tactics and social engineering. Chainalysis revealed that pig-butchering scams, which are long-term deception campaigns that trick victims into voluntarily transferring funds, are among the most damaging. Data shows that digital asset scams caused at least $9.9 billion in on-chain losses in 2024.

Nexo said its Anti-Scam Engine addresses such threats, including romance scams, tech support impersonation, and high-yield Ponzi-style schemes. The company said the feature reduces both client exposure and operational risk by proactively detecting suspicious flows and adapting user journeys in real time.

The Anti-Scam Engine is already live across Ethereum, Optimism, BNB Chain, Polygon, Arbitrum, Avalanche, and Base. Nexo also plans a phased expansion of the scam prevention system to Bitcoin, Solana, Tron, and XRP. The company maintained that advanced intelligence feeds power to the system behind the scenes, which ensures that protection continuously adapts as new threats emerge.

The wealth platform argued that the upgrade marks another milestone in its mission to safeguard client assets and reinforce its standing as a trusted digital asset institution. Nexo said the system protects clients by preventing scams before funds are lost, while preserving assets under management and boosting platform trust.

Taskova mentioned that client safety isn’t optional at Nexo, but fundamental. She added that the initiative enhances the company’s security stack, which demonstrates its responsibility as a digital assets institution to protect clients and sets the standard for the industry.

Nexo re-enters the U.S.

Nexo re-entered the U.S. market in April after facing previous regulatory challenges. The project was backed by Donald Trump Jr., who said he sees an opportunity for the financial sector and wants to ensure it gets back to the U.S. He also called for a regulatory environment that supports the crypto industry.

The digital assets platform left the U.S. at the end of 2022 due to a lack of regulatory clarity. The company settled $45 million with the U.S. Securities and Exchange Commission (SEC) over its failure to register the offer and sale of securities of its interest-earning product.