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Title: NKSCX Addresses Security Concerns of 63 Percent US Adults with Keyless Custody and FinCEN-Registered Infrastructure
United States, 23rd Oct 2025 - As cryptocurrency investment fraud complaints filed with federal authorities surged from 69,000 cases in 2023 to losses exceeding $6.5 billion in 2024, NKSCX CRYPTO GROUP LTD has introduced infrastructure designed to address the trust deficit affecting nearly two-thirds of American adults interested in digital assets.Operating from its Denver headquarters under Money Services Business registration with the Financial Crimes Enforcement Network , the company targets what Pew Research identifies as a critical market gap: while 17% of U.S. adults have engaged with cryptocurrency, 63% express concerns about the safety and reliability of current platforms.Eliminating the Seed Phrase VulnerabilityTraditional cryptocurrency wallets require users to safeguard a 12-24 word seed phrase—a single point of failure that, if lost or compromised, results in permanent asset loss. NKSCX's platform eliminates this risk through keyless custody technology based on Ethereum's ERC-4337 standard.The system replaces seed phrases with multi-factor authentication combining biometric verification, hardware security keys, and designated social recovery contacts. Users who lose access to their primary device can regain account control through pre-authorized trusted individuals or institutions, introducing what the company calls a "human safety net" to digital asset security.Institutional-Grade Custody ArchitectureThe platform's custody infrastructure employs Multi-Party Computation (MPC) protocols, distributing cryptographic key fragments across geographically separated servers. This eliminates single points of failure while maintaining transaction efficiency—a balance previously available only to institutional investors managing eight-figure portfolios.Real-time transp...
This press release is issued by King Newswire