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> Recovery

Steps to recoup your finances & portfolios

Step 1

Fraud Detection

If you suspect that you have been a victim of fraud involving various financial instruments such as commodity futures, options on futures, swaps, commodity pools, binary options, foreign exchange, digital assets, or other derivatives, there are steps you can take.
Firstly, reporting the incident to the police and your district attorney in your local community is recommended. Additionally, if you plan to file an insurance claim for any losses resulting from the fraud, you may need to file a police report as well.

Machine Learning technology has enabled the possibility of Fraud Detection through its ability to learn from historical fraud patterns and identify them in future transactions. ML algorithms demonstrate superior speed in processing information compared to humans. Furthermore, they possess the capability to identify complex fraud characteristics that may go unnoticed by human observers.

Fraud detection efforts span across multiple industries, including banking and insurance, as a means to prevent fraudulent activities that involve obtaining money or property through deceptive means. Examples of banking fraud can include check forgery or the use of stolen credit cards.

Step 2

Fraud Recovery

It can be very concerning for investors when they are unable to withdraw their own funds. This situation can arise due to a couple of reasons.

Firstly, it's possible that the company you are dealing with is not a legitimate entity, which can lead to issues with withdrawals.

Secondly, even if the company is legitimate, they may have implemented strict withdrawal procedures to ensure that funds are being transferred to the correct individuals. These measures are put in place to safeguard against any potential fraudulent activities.

Step 3

Blockchain Monitoring

Blockchain technology operates on a decentralized model where peers collaborate and establish trust within a business network. Each peer organization can be represented by multiple nodes, which collectively broadcast transactions and achieve consensus. These nodes are designed to be self-sufficient, capable of serving distributed and enterprise applications.
However, it is crucial to monitor the health of both individual blockchain nodes and the entire network to ensure robust and truly decentralized operations.

A typical blockchain network consists of interconnected nodes that function as peers. These nodes are often hosted on cloud or on-premise infrastructure, where the blockchain runtime is set up using virtual machines or containerization technologies like Docker.
Transactions submitted to the network are broadcasted to all peers, and new blocks are propagated to ensure that all peers maintain an updated copy of the shared ledger. Monitoring one of the peers can provide insights into blocks, transaction-related events, and associated metadata.
Blockchain explorers are commonly used for this purpose, providing visualizations of the number of transactions received, queued, processed, and grouped into new blocks. However, this level of monitoring does not provide information about resource usage within the node, the health of other nodes, or the latency experienced within the blockchain network.

To gain end-to-end visibility of a blockchain-based solution, it is essential to monitor off-chain components, specifically the decentralized application (dApp) layer.
The dApp layer includes user interfaces, storage systems, and API SDK components that facilitate interactions with the blockchain node. Monitoring these components is crucial to understand resource utilization, node health, and the overall performance of the blockchain network.

Step 4

Transaction Supervision

To ensure the security and integrity of the blockchain system, numerous operators diligently monitor all transactions taking place. These transactions can involve unverified, unsolicited, or suspicious activities for various reasons. When the automated system fails, these operators step in to manually confirm the transactions.

Manual supervision often involves reaching out to the individuals involved through email, requesting their confirmation for the transaction.
In urgent cases, operators may even make a phone call using the contact information collected from the public exchange platform.
This allows for swift action to either authorize or suspend the transaction that is being conducted in the individual's legal name.