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Lumino Ceremony: Building the Privacy Protection Infrastructure

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5 years ago

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PlatON, a privacy AI computing network which is committed to building a decentralized collaborative artificial intelligence network and global brain, is promoting the democratization of artificial intelligence and establishing a secure general artificial intelligence. The bottom layer of its decentralized privacy protection infrastructure is based on Zero-Knowledge Proof.

What is Zero-Knowledge Proof

Zero-Knowledge Proof is a cryptographic technology to realize privacy protection authentication. The prover needs to make the verifier believe that he knows or owns a message, without disclosing any information about message which is to be confirmed. For example, if the prover wants to prove that he knows the safe box password without revealing it, he can just show some items existing in the safe box that everyone knows.

This process is Zero-Knowledge Proof. The proof needs an initial credible setting (some items existing in the safe box that everyone knows), namely a series of public parameters to help the prover build Zero-Knowledge Proof.

Deficiency of Zero-Knowledge Proof

As a cryptographic technology with both privacy protection and authentication capability, zero-knowledge proof is widely used to realize transaction verification under hidden business details in blockchain. The zero-knowledge proof system applied in the blockchain field is mainly a cryptographic algorithm called “zk-SNARKs”. At present, the existing classic zk-SNARKs algorithms include  GGPR13, PGHR13, Groth16, GM17, and new generation algorithms such as Sonic, Marlin, Plonk, which support updating public parameters. The current version of ZCash, a well-known private cryptographic currency, uses Groth16 algorithm.

From the above “safe box”, we can see that the premise for the correct operation of this kind of algorithm is existing a series of random trusted parameters. However, randomized parameters will not come out of thin air and there is no trusted third party in the blockchain. Parameters created by centralized third parties can be reconstructed in theory, and it is possible to forge proofs, which may destroy the underlying security in PlatON. Imagine that if a specific institution informed the verifier of the storage of the items in the safe box, the institution and the prover could collude and use this secret information to falsify the illusion that the prover knew the safe box password.

Therefore, it is an undoubtedly excellent idea to organize multiple participants to create these randomized parameters through Secure Multi-party Computation. In this process, single party can not reconstruct the parameters any more. Only when this activity is completed safely will the subsequent decentralized application be safe. In fact, ZCash has successfully created system parameters for Groth16 algorithm in November 2017 through its ceremony, Power of Tau.

Lumino, creating secure parameters

In order to prevent the parameters generated by the centralized mode from affecting the underlying security, PlatON started the Secure Multi-party Computation ceremony Lumino on June 21, 2021, last for   60 days. This ceremony is expected to create necessary secure parameters for the Zero-Knowledge Proof protocol.

During the Lumino ceremony, multiple participants carry out several rounds of calculation in the form of a relay, that is to say, the current participant need to use the calculation results of the previous participant as the input of this round, and the calculation output become the calculation input of the next participant as well. After a certain number of rounds, the output of the last participant is the final result of the whole ceremony, namely the system initialization parameters that Plonk thatalgorithm of PlatON will choose. Obviously, the more participants take part in the ceremony, the safer the parameters will be.

As a practical and efficient Zero-Knowledge Proof algorithm, Plonk is commonly used in PlatON projects and communities, which is characterized by a one-time initialization process, that is, running once can be used to deploy multiple applications. Providing necessary initialization parameters for Plonk algorithm through Lumino ceremony means that no one can master the secret information behind the parameters, which can be used to cheat players in the whole system. Lumino ceremony will lay a solid foundation for the security of PlatON.

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Press Release

ManaBuy 2026 Platform Update Enhances the Free Fire Top Up Experience for Players Worldwide

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15 minutes ago

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February 4, 2026

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ManaBuy’s 2026 platform update enhances the Free Fire top-up experience with a faster purchase flow, clearer order tracking, improved local-currency checkout in select markets, quicker delivery after payment verification, and more competitive deals—while keeping transactions safer by fulfilling via the player’s UID without requiring passwords.

Hong Kong — February 3, 2026 — ManaBuy, a digital gaming marketplace, announced a 2026 platform update for its Free Fire top-up experience. The release introduces a streamlined purchase flow, clearer order status updates from payment verification to fulfillment, and expanded regional checkout availability in select markets.

What’s New in the 2026 Update

The update focuses on improving clarity from checkout to fulfillment, including:

  • A streamlined top-up flow from selection to payment confirmation
  • Clearer order progress visibility with more transparent status updates from payment verification to fulfillment
  • Improved regional checkout experience, including local-currency availability in select markets and region-available options shown at checkout
  • Faster fulfillment after payment verification, allowing credits to be delivered once an order is confirmed
  • Expanded availability of pricing options for select top-ups, displayed at checkout

Built for Safer Transactions

The updated flow supports fulfillment using in-game identifiers (UID). For UID-based top-ups, players are not required to provide account passwords, reducing the need to share login credentials. In addition, ScamAdviser’s public check page for manabuy.com currently labels the site “Very Likely Safe” and notes in its summary that it appears “legit and safe to use” rather than a scam website

Payment Methods and Delivery

ManaBuy provides regional checkout options based on location and selected currency. Available payment methods may include Visa, Mastercard, PayPal, Apple Pay, Google Pay, and Pix (Brazil), depending on market availability. After payment verification, digital credits are delivered through ManaBuy’s fulfillment system, with order status updates shown during processing.

Third-Party Trust Signals

ManaBuy continues to iterate on its platform experience to better align with user purchasing habits. According to publicly available third-party information, ManaBuy currently shows an overall rating of 4.2/5 on Trustpilot, and the Trustpilot profile indicates the company has replied to 75% of negative reviews and typically responds within 24 hours

Learn More

To explore ManaBuy’s Free Fire top-up options and platform features, visit: https://manabuy.com/free-fire-top-up

About ManaBuy

ManaBuy is a digital marketplace providing access to game top up services, in-game credits, and digital gaming services across a range of online and mobile titles. The platform supports automated order handling and regional checkout availability, with payment options determined by region and selected currency. In addition to top-ups, the ManaBuy blog and newsroom regularly publish guides, game news, and helpful tips that enrich the overall gaming experience for enthusiasts of all levels.

Media Contact

Organization: FUTURE OUTLOOK TECHNOLOGY LIMITED.

Contact Person: ManaBuy Team

Website: https://manabuy.com

Email: Send Email

Contact Number: +85256994520

Address:UNIT 135, 1/F., 143 WAI YIP STREET, KWUN TONG, HK

Country:Hong Kong S.A.R.

Release id:40940

The post ManaBuy 2026 Platform Update Enhances the Free Fire Top Up Experience for Players Worldwide appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Finance Complaint List Warns of a 500% Surge in AI-Powered Deepfake Crypto Scams Driven by Celebrity Impersonations

Published

45 minutes ago

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February 4, 2026

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Globally people are losing millions in minutes as hyper-realistic videos, fake news broadcasts, and live executive impersonations turn artificial intelligence into the most dangerous fraud weapon of 2026.

The Finance Complaint List, a global consumer-fraud monitoring and reporting network, has issued a major warning to investors and the public after documenting a 500 percent surge in AI-powered deepfake cryptocurrency scams fueled by celebrity impersonations, fake testimonials, and fabricated news broadcasts. According to the latest findings, these scams have rapidly become 4.5 times more profitable than traditional financial fraud, with individual victims losing more than $5 million in under 20 minutes to a single attack.

The explosive growth of these scams marks a new phase in cyber-enabled financial crime, where artificial intelligence has transformed deception into something nearly indistinguishable from reality.

Finance Complaint List is actively assisting victims in documenting and reporting fraudulent activity through its online platform, www.financecomplaintlist.com, which serves as a public database for scam alerts, verified complaints, and educational resources.

Hyper-Realistic Deepfakes Now Power Crypto Fraud

AI-generated deepfake videos of celebrities and crypto influencers promoting fake investment schemes jumped 500 percent in 2025. Using advanced face-swap software, voice cloning, and large language models, criminals are producing highly convincing videos of prominent figures such as Elon Musk and Vitalik Buterin appearing to endorse fraudulent cryptocurrency giveaways, trading platforms, and so-called “exclusive” investment opportunities.

These are no longer crude or blurry forgeries. The videos replicate real speech patterns, facial movements, gestures, and backgrounds pulled from legitimate interviews and public appearances, making them virtually indistinguishable from authentic footage.

Victims are being shown videos of Elon Musk “announcing” new Tesla-linked crypto projects or Vitalik Buterin “revealing” Ethereum airdrops, all designed to push them toward fake platforms that steal their funds the moment they connect their wallets.

How the Scams Are Delivered

Finance Complaint List reports that today’s deepfake scams operate across a sophisticated, multi-channel ecosystem:

  • Deepfake videos of celebrities promising to double Bitcoin investments
  • AI-generated customer testimonials claiming massive profits
  • Fake news broadcasts announcing government-backed crypto initiatives
  • Live video calls impersonating company executives
  • Phishing links that mimic MetaMask or Trust Wallet to drain funds instantly

Scammers also personalize their attacks using public data from social media, sending messages such as, “Hey [Your Name], I saw your BTC posts—join this 2026 presale!”

These messages are then spread across X, TikTok, Telegram, and private messaging apps, amplified by bot networks and purchased social-media accounts.

$5 Million in Minutes: The Financial Impact

The financial speed of these scams is unprecedented. In one documented case from June 2024, a deepfake Elon Musk appeared in a live YouTube broadcast promoting a cryptocurrency giveaway. Victims sent funds to a scam wallet, which collected at least $5 million within 20 minutes, and more than $5 million between March 2024 and January 2025.

Another Chainabuse report from November 2023 revealed a deepfake Musk video pushing an AI-powered trading platform that generated over $3.3 million between July 2023 and February 2024. Funds in both cases were traced to major exchanges and darknet markets, demonstrating how quickly money disappears into global laundering networks.

Live Deepfake Executive Impersonations

Finance Complaint List warns that scammers are no longer limited to prerecorded videos. Live deepfake video calls now allow criminals to impersonate company executives, employees, family members, and friends in real time.

In February 2024, a multinational company in Hong Kong lost millions after an employee joined a video call with scammers impersonating senior executives using live face-swap technology.

In other cases, criminals clone a victim’s voice to contact family members, claiming they are in trouble and need money urgently. In Asia, scammers commonly impersonate friends or relatives to persuade victims to invest in fake crypto schemes they claim are profitable.

TRM has documented over $60 million, largely in Ethereum, flowing through scams that used live deepfakes, indicating the extraordinary scale of these operations.

The Rise of AI-Generated CEOs and Staff

Deepfake technology is also being used to fabricate entire companies. One of the largest pyramid schemes of 2024, MetaMax, reportedly used an AI-generated CEO avatar to present itself as legitimate while collecting nearly $200 million from victims worldwide.

Another scam, babit[.]cc, created AI-generated images of its supposed staff instead of using real people, a tactic that becomes harder to detect as the technology improves.

False Celebrity Giveaways Flood Social Media

Crypto giveaway scams continue to dominate platforms like X and YouTube. Fraudsters impersonate celebrities such as Elon Musk and Donald Trump, promising to return double or triple any crypto sent to them. Once funds are transferred, the scammers vanish.

In 2025, these scams increasingly rely on deepfakes, making fake celebrity endorsements appear authentic enough to fool even experienced crypto users.

Industrial-Scale Scam Networks

Finance Complaint List highlights how fraud has become fully industrialized. The Lighthouse Enterprise model shows how modern scams operate as businesses with specialized teams:

  • Developer groups build phishing tools
  • Data brokers sell targeted victim lists
  • Spammer groups distribute scams at scale
  • Theft teams launder stolen funds
  • Administrative units manage recruitment and coordination

Scams using phishing kits are 688 times more effective in dollar terms than traditional scams, while those using bulk social-media accounts are 238 times more effective.

Global Law Enforcement Strikes Back

A major blow to global scam networks came when the U.S. Department of Justice unsealed charges against Prince Group chairman Chen Zhi, accused of running forced-labor scam compounds in Cambodia that powered large-scale crypto fraud.

Authorities seized and targeted more than $15 billion in illicit proceeds, while the U.S. Treasury and the UK’s Foreign Commonwealth and Development Office sanctioned 146 entities linked to the Prince Group’s transnational crime network.

Chen was arrested in Cambodia in January 2026 and extradited to China, highlighting the complex geopolitical challenges of dismantling global crypto crime.

AI Makes Scams 4.5 Times More Profitable

A July 2025 report by J.P. Morgan found that scams linked to AI vendors generate $3.2 million per operation, compared to $719,000 for non-AI scams. These operations also process nine times more transactions per day, showing how AI allows criminals to target and manage far more victims simultaneously.

Will Lyne, Head of Economic & Cybercrime at the Metropolitan Police, stated, “Fraud linked to cryptocurrency continues to grow in scale and sophistication, with organised crime groups increasingly using impersonation tactics, online infrastructure, and AI-enabled tools to target victims at pace and scale. However, we are also seeing a step change in law enforcement’s ability to respond.”

How to Report Crypto Scams in 2026

Finance Complaint List urges anyone who encounters a crypto scam to report it immediately to:

  • Local law enforcement
  • The Federal Trade Commission (FTC) and the FBI in the United States
  • National financial regulators
  • Social media platforms where the scam appears

Victims should provide all available evidence, including messages, emails, transaction records, screenshots, and wallet addresses. Reporting scams helps protect others and supports efforts to dismantle these global criminal networks.

Victims of the scams listed above are encouraged to file reports by contacting:

support@financecomplaintlist.com

www.financecomplaintlist.com

For updates, follow Finance Complaint List on social media.

X (Twitter): https://x.com/financecomplain

YouTube: https://youtube.com/@financecomplaintlist

About Finance Complaint List

Finance Complaint List is a financial fraud awareness and investor protection platform headquartered in New York City. The organization enables individuals to file, track, and review complaints involving financial misconduct, investment fraud, and digital scams. By maintaining a transparent, publicly accessible database, Finance Complaint List helps consumers identify risks and avoid fraudulent schemes.

Disclaimer: Finance Complaint List is not a law enforcement agency. All reports are subject to verification and should also be filed with appropriate authorities such as the FBI, SEC, FTC, or IC3.gov.

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Press Release

IPO Genie Introduces New Tokenized Diversification Framework for Private Equity Assets.

Published

1 hour ago

on

February 4, 2026

By

IPO Genie ($IPO) has introduced a diversification framework that uses tokenized portfolios to give investors structured access to startups and pre-IPO companies.By bundling multiple private equity assets into a single tokenized portfolio, the framework enables sector and stage diversification, on-chain transparency, and AI-assisted portfolio construction. Designed to simplify participation in the $3T private equity market, it improves access and risk management—while acknowledging the inherent risks and liquidity limits of private investments.

United States, 4th Feb 2026 – IPO Genie ($IPO) has announced a new diversification framework for private equity assets, including startups and pre-IPO companies. The framework provides a structured approach for investors to spread exposure across multiple investments while maintaining transparency and compliance.

Private equity has traditionally been difficult for most investors to access, often requiring high minimum investments, long holding periods, and insider connections. IPO Genie’s framework uses tokenized portfolio structures to simplify participation and provide clearer access to high-growth private market opportunities.

The private equity market represents a $3 trillion global opportunity, but most retail investors have historically had limited access. Through tokenization and AI-assisted analysis, IPO Genie offers a structured way to invest in curated startup and pre-IPO companies.

How the Framework Works

IPO Genie’s framework leverages tokenized portfolios, also called IPO Index Funds, which allow investors to hold a single token representing a basket of private companies. This structure reduces the need to select individual deals and helps manage risk through broad exposure across sectors and stages.

Core Features of the Diversification Framework:

  • Sector Diversification: Exposure to multiple industries, including AI, fintech, robotics, and infrastructure
     
  • Stage-Based Allocation: Balances investments across early-stage, growth, and pre-IPO companies
     
  • Governance & Rebalancing: Portfolio adjustments guided by predefined rules and community input
     
  • Blockchain Transparency: On-chain ownership and record-keeping ensure verifiable transactions
     

Tokenized portfolios, accessed through the $IPO token, represent bundles of curated private equity investments. They allow investors to participate in diversified, institutional-grade opportunities without navigating complex legal or operational processes.

Technology and Compliance

The framework integrates blockchain technology and smart contracts to provide clear records of ownership and investment activity. AI-assisted analysis guides portfolio construction by reviewing company performance, sector trends, and other data signals. Compliance features are built in to align with local regulations, enabling structured participation without requiring extensive legal knowledge.

Risks and Considerations

While diversification can help reduce concentration risk, investing in private equity assets carries inherent risks, including market volatility, liquidity limitations, and the potential for loss. IPO Genie emphasizes that this framework is designed to enhance transparency and risk management but does not guarantee investment returns.

Media Contact

Organization: IPO Genie

Contact Person: Mark

Website: https://ipogenie.ai/

Email: Send Email

Country:United States

Release id:41015

Disclaimer: This press release is provided for informational purposes only and does not constitute financial, legal, or tax advice, nor an offer or solicitation to buy, sell, or hold any asset. The $IPO token is described as a utility token and does not represent equity, shares, or ownership in any company. Any participation in token-based frameworks or private-market access models involves significant risk, including volatility, limited liquidity, and potential loss. Readers should conduct independent research and ensure compliance with all applicable legal requirements in their jurisdiction before taking any action.

The post IPO Genie Introduces New Tokenized Diversification Framework for Private Equity Assets. appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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