TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams

Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation, an announcement on Monday said. The program will trial an apparent global first in which Aussie crypto users who activate two-factor authentication on their cryptocurrency accounts will be paid AUD 10 (USD 6.6) worth of Bitcoin. Two-factor authentication (2FA) is a security process requiring two forms of identification to access resources. The method provides a higher level of security than single-factor processes, in which the user provides a single form of identification, usually a password or passcode.

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