Logically Launches Platform To Tackle Disinformation In The Cryptocurrency Market

Logically has launched its monitoring platform which will enable investors, institutional traders, regulators and exchange platforms involved in the cryptocurrency market, to identify inauthentic and fraudulent online activity, false narratives, and platform manipulation.

LI: Crypto is the latest product offering from Logically, which last year launched its flagship threat intelligence platform, Logically Intelligence (LI). LI brings together Logically’s capabilities in at-scale analysis, classification and detection to help organizations monitor the online media landscape for the spread of damaging activity and narratives.

The cryptocurrency market is particularly susceptible to fraud, scams and inauthentic activity that can negatively impact investors, traders and members of the public. With cryptocurrency scammers having stolen over USD 1 billion from 46,000 people since 2021 according to the US Federal Trade Commission, those involved in the market need a solution that will help them navigate the world of cryptocurrency and get ahead of the challenges it presents.

“The relative anonymity offered by social media has resulted in platforms becoming the preferred environment for scammers to create false hype about cryptocurrencies, thereby distorting value and misleading investors. This activity can often drive some of the most harmful online narratives in the cryptocurrency space”, said Kyle Walker, Head of the US Open-Source Intelligence (OSTIN) team at Logically.

LI: Crypto is the first in a series of themed monitoring spaces from Logically which will allow interested customers to track harmful online activity across an array of subject areas.