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Lumino, lightening up the world of secure multi-party computation

Published

5 years ago

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New digital era, new demand of security

With the advent of the era of big data, the leakage and abuse of personal privacy data are common, which not only disturbs the normal market order, but also seriously restricts the innovation and development of the digital economy. In recent years, many countries have carried out relevant legislation of digital economy and data governance, which makes the legal requirements of personal privacy data more rigorous, and the supervision system is becoming increasingly strict. The various online scenarios led by the Covid-19 not only bring convenience to our life, but also cause a lot of security demand of data protection

Therefore, the data producers, such as government agencies, operators, platforms, are constantly raising the legal standards of storage, transmission and transaction. It has brought a problem to the data owners: how can fully utilize the data resource endowment to create business profits and social value, meanwhile ensure that the data privacy is protected in accordance with supervision provisions? The real demand behind the problem is bound to give birth to new technologies. The combination of blockchain and secure multi-party computation provides a new solution for breaking the “data island”, ensuring data security and releasing data value.

Recently, as the leader in the global blockchain industry, PlatON has started a new journey in the construction of privacy computation infrastructure, launching the secure multi-party computation ceremony—— Lumino. Lumino aims to create system parameters in a decentralized way, which could help build a real community-based, open-source blockchain ecosystem and ensure the underlying security of the main network and the reliability of future digital applications.

The “chemical reaction” of blockchain and secure multi-party computation

To understand the essence of Lumino, we need to understand the blockchain and secure multi-party computation. Blockchain is a technical solution that does not rely on a third party and a network that stores, verifies, transmits and communicates through its own distributed nodes. The core problems it solves are network decentralization, data consistency and tamper-prevent. Secure multi-party computation is to solve the problem of privacy protection among a group of mutual distrusted participants. It should ensure the independence, correctness decentralization and do not disclose the data to other participants. Secure multi-party computation was firstly proposed by professor Yao Qizhi, who is a Chinese computer scientist and the winner of Turing prize. Since 2010, the development of executable general compiler makes its concept gradually well-known.

It can be seen that both blockchain and multi-party security computation are technologies dealing with data interaction between a group of participants according to specific rules. However, blockchain is mainly used to verify the correctness of the calculation, and the purpose is to achieve the consistent recognition of the results and prevent the results from being tampered with; the purpose of secure multi-party computation (MPC) is to get specific results in the case of data confidentiality, and emphasis on privacy protection in data share situation.

When secure multi-party computation encounters blockchain, the integration has become a technology trend that attracts much attention. Due to the different traits of blockchain and multi-party security computation, they are not exclusive and can complement each other. Blockchain can improve its ability of data confidentiality by using secure multi-party computation to adapt to complex environments; while secure multi-party computation can complete redundant computation with the help of blockchain to obtain verifiable and unique results.

The combination of MPC and blockchain is ultimately to meet the more complex and changeable real needs, especially for various environments of data exchange and sharing. For example, secure multi-party computation can realize key management in the blockchain wallet, and divide the management right of assets reasonably to reduce the risk of single key loss. It can also realize the cross-domain access of EHR data. Based on personal digital identity infrastructure, hospital A could apply for data access to hospital B by obtaining the patient’s authorization, which does not need directly return the patient’s medical record data. It would meet the dual goals of diagnosis needs and privacy protection.

New practice in privacy protection——PlatON & Lumino

Secure multi-party computation is essentially a solution for data security. It is consisted of cryptographic technologies such as obfuscation circuit, secret sharing, homomorphic encryption, etc. PlatON has already realized the layout in these fileds. The key to secure multi-party computation is to use zero knowledge proof to prove that there is no leakage, which is also the key to Lumino.

Most of the existing efficient zero-knowledge proof algorithms need to create system parameters in a centralized way, so the third party who creates the parameters may forge proofs to destroy the underlying security of the main network. Lumino aims to generate the system parameters of the zero-knowledge proof through secure multi-party computation. In this process, the parameters are generated by members altogether, so they will not be obtained or tampered by a single party. This also constitutes the cornerstone of the subsequent privacy protection application. Only when the activity held safely, the subsequent decentralized application will be more secure.

This ceremony is PlatON’s latest practice in the field of privacy protection, and Lumino’s goal is to link the world’s cryptographic geeks to build a global privacy computation infrastructure. In the future community-based and open-source blockchain ecosystem, every participant is an important node, and every participation will make the underlying network more secure. Therefore, this is not only an activity, but also a collective wisdom full of ritual sense. PlatON will also take this opportunity to realize the vision of building infrastructure in the digital era, and make every effort to be the best practitioner in the field of privacy security.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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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

10 minutes ago

on

February 4, 2026

By

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

39 minutes 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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Press Release

VisitNews Launches New Digital Platform for Timely Online News Coverage

Published

39 minutes ago

on

February 4, 2026

By

United States, 4th Feb 2026 – VisitNews today announced the launch of its new digital platform designed to deliver timely online news across categories including business, lifestyle, technology, and world affairs. The platform aims to provide readers with structured access to current news through a clear and accessible digital experience.

According to VisitNews, the platform was developed in response to growing demand for organized news content that allows readers to stay informed without unnecessary complexity. VisitNews focuses on presenting stories in a streamlined format that supports both quick updates and deeper reading.

VisitNews Introduces a Platform Built for News Discovery

The VisitNews platform emphasizes intuitive navigation and clear content presentation. VisitNews states that the platform supports efficient exploration of breaking news, trending topics, and featured stories across multiple sections.

By prioritizing responsive design, VisitNews ensures the platform functions smoothly across desktop and mobile devices.

VisitNews Responds to Changing News Consumption Habits

VisitNews notes that modern audiences increasingly seek platforms that provide fast access to reliable information across a range of topics. The platform’s structure reflects this shift by organizing content into clearly defined categories and reducing friction in content discovery.

According to VisitNews, this approach supports more focused and intentional news consumption.

VisitNews Emphasizes Accessibility and Clarity

Accessibility is a core principle behind the VisitNews platform. VisitNews explains that content layout and structure have been designed to remain easy to understand while serving a broad audience.

This design philosophy allows VisitNews to remain adaptable as news consumption preferences continue to evolve.

VisitNews Establishes a Foundation for Ongoing Content Development

With the platform now live, VisitNews plans to continue expanding its news coverage and refining the user experience based on reader engagement and editorial needs. VisitNews states that the launch represents the beginning of a long-term strategy focused on content growth and platform improvement.

More information about the platform is available at https://visitnews.co.uk/. 

About VisitNews

VisitNews is a digital news platform focused on delivering timely and organized coverage across business, lifestyle, technology, and global topics. The platform is designed to support accessible and efficient online news consumption across devices.

Media Contact

Organization: VisitNews

Contact Person: Lisa Thomas

Website: https://visitnews.co.uk/

Email: Send Email

Country:United States

Release id:40989

The post VisitNews Launches New Digital Platform for Timely Online News Coverage 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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