XREX proudly launches “Risk Level Detector”, a new feature which helps customers detect risk levels of users’ deposit and withdrawal crypto addresses. Top security is our commitment to you. We understand it has been a challenge for crypto users to identify tainted crypto wallets; many have been scammed and lost their digital assets.
With XREX Risk Level Detector, you can now easily check the risk level on XREX!
World-class Anti-money Laundering Mechanism
To ensure your transactions are secured, XREX works with world-class anti-money laundering (AML) partners, including CipherTrace, TRISA.io, Sum & Substance, and Crypto Defenders Alliance (CDA). We’ve got you covered.
XREX’s Risk Level Detector is an advanced and unique risk management tool supported by CipherTrace, which can examine the deposit and withdrawal addresses and detect risk level immediately. Risk Level Detector is the best tool to protect our customers from dark markets and bad actors operating in different digital asset service providers, such as exchanges, over-the-counter trading desks, currency swap systems, and Defi applications.
How Does Risk Level Detector Work?
You will see three types of address notifications during the withdrawal process or on the withdrawal/deposit history page: green light, yellow light, and red light.
It’s a safe address and you are good to go! No suspicious behavior has been detected for this address.
Yellow Light: Suspicious Address
This address might be related to a crime address but not directly involved in criminal acts. A common situation is that this address has received tainted cryptocurrencies from bad actors. Please stay alert during this transaction.
Red Light: Dangerous Address
This address is on the sanctions or criminal list, which means it’s involved in criminal activities, such as theft, hack, dark markets, and terrorist funding, etc. We highly recommend you to cross-check the address and the safety of the transaction.
Please note that if your withdrawal address is detected as a dangerous address, XREX will automatically block the withdrawal action. If your deposit address is detected as a dangerous address, the XREX crypto threat research team will start an investigation and take necessary actions.
Top security is our commitment to you; Risk Level Detector is another example. The safety of our customers is always our top priority. This is what differentiates XREX — and we’ve got you covered.