AMA Recap: Fixing Web3’s $12B Scam Problem with KYC-Verified

The TDX team hosted an insightful AMA session on X (formerly Twitter) on April 3rd, featuring El Crypto Chapo, Founder & CEO of Assure DeFi. The discussion centered around the growing scam problem in Web3, the role of KYC verification, and how TDX and Assure DeFi work together to create a safer investment environment.

For those who missed the live session, here’s everything you need to know.

The Growing Scam Problem in Web3

Over the years, crypto investors have lost billions to scams, leading to distrust and instability in the industry. Some of the most infamous cases include the zkSync rug pull, which resulted in a loss of $36.9M, and the BitForex exit scam, where investors lost $ 56.5 M. Another shocking case was the Mbappé fake token, which reached a $460M market cap before being exposed as a scam.

Beyond these direct frauds, large-scale collapses like Luna’s 2022 crash wiped out $60B due to algorithmic stablecoin failure, while FTX’s downfall saw $8.7B in user losses due to mismanagement of funds. These cases highlight the urgent need for stronger investor protection and greater accountability in Web3.

Assure DeFi: Setting the KYC Gold Standard

Joining us for the AMA was El Crypto Chapo, Founder & CEO of Assure DeFi. After personally losing over $100K to scams, he launched Assure DeFi in 2021 to set the KYC Gold Standard in Web3. He shared insights into how Assure DeFi balances security and decentralization while collaborating with law enforcement agencies to combat fraud.

Assure DeFi’s dual-layered KYC process ensures legitimacy and accountability:

• Document Verification – ID checks and background screening.
• Live Video Verification – Real-time calls with project founders to confirm authenticity.

With over 850+ verified projects, Assure DeFi significantly reduces the risk of rug pulls and fraudulent schemes.

To further enhance security, Assure DeFi collaborates with law enforcement agencies such as the FBI and IRS Criminal Investigation, making it one of the most trusted KYC providers in the space.

TDX: AI-Powered, Secure Investing

While KYC verification is crucial, preventing scams requires advanced risk analysis. That’s where TDX comes in.

TDX is an AI-driven investment platform providing secure access to Real World Assets (RWA), DeFi, and TradeFi. With 150K+ community members and 85K+ KYCed users, TDX is building a transparent and risk-aware investment ecosystem.

Together, TDX and Assure DeFi are tackling the Web3 scam problem head-on by combining AI-powered risk assessment with industry-leading KYC verification.

Q/A Session Highlights

The AMA session also addressed some of the most pressing community questions:

1: How does Assure DeFi balance privacy and KYC?

Assure DeFi ensures user anonymity while making sure project teams remain accountable. KYC data is only accessible if fraud occurs.

2: What’s the difference between a scam and a failed project?

Scams involve intentional fraud, such as rug pulls. Failed projects result from mismanagement or market conditions but are not necessarily fraudulent.

3: Why do scams increase in bull markets?

Bull markets attract FOMO-driven investments, making it easier for scammers to exploit investors.

4: How does TDX prevent investments in scams?

AI-based risk screening ensures only legitimate and transparent projects are listed.

Get Started with Secure Investments

To explore verified investment opportunities and KYC services, visit:

TDX: www.tdx.biz 

Assure DeFi: www.assuredefi.com