Jellyfish Mobile to Curb the SIM-Swap Menace That Led to Losses Worth $140 Million in Two Years

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PRESS RELEASE.The cryptocurrency market lacks regulation, leading to potential risks for investors, including SIM-swap scams. By this technique, hackers manipulate mobile carrier customer service to gain access to a user’s phone number, allowing them to bypass security measures and access accounts. Bart Stephens, co-founder of Blockchain Capital, fell victim to a SIM-swap attack, resulting in a $6.3 million Bitcoin theft. He has filed a lawsuit against the hackers. From all this it’s clear there’s a lack of effective safeguards and timely notifications from mobile phone carriers. Jellyfish Mobile provides a solution to prevent SIM-swap attacks and other vulnerabilities arising from cell phone carriers’ negligence.

All About Jellyfish Mobile

JellyFish Mobile is the world’s first Web3-enabled 5G mobile network. The team behind the project identified the loopholes and vulnerabilities in the telecommunication system and introduced a futuristic solution that will entirely redefine the space. With Jellyfish, users no longer just communicate on mobile phones, but become true owners of their digital assets. They are in complete control of all transactions and command absolute authority over their digital experience.

Jellyfish Mobile has developed a secure Wallet-On-SIM technology wherein users will obtain a SIM card with a built in cold wallet. The cold wallet is completely isolated from the host device and is only accessible through the owner’s seed keys, thus eliminating the risk of SIM swapping. Also,users don’t need an Internet connection to process transactions. Decentralization and transparency are Jellyfish Mobile’s USP!

Concerning functionality, Jellyfish Mobile employs DIDs (Decentralized Identifiers) for identity management. Instead of a mobile number, users get a Web3 wallet address. In addition, the platform offers access to a wide array of projects to promote engagement, be these De-Fi (Decentralized Finance) applications, decentralized social networks, and a host of other dApps, all from the mobile device.

For enhanced security and seamless operations while using Wallet-on-SIM, Jellyfish Mobile provides the following features:

• True Cold Wallet Privacy: Isolates the wallet from the OS and the installed apps, thus eliminating any interaction.

• Secure Boot Process: Checks the integrity of processes running on the device and prevents untoward modifications.

• Remote Management (OTA): Ability to receive security patches and other updates remotely.

• RSA and ECC: Guarantees a secure interaction between the mobile device and the network.

• AES128 Encryption: Support for the latest encryption protocol boots security.

• SIM Swap Protection: Allows recovery only via seed keys generated upon SIM activation, thus eliminating the scope of SIM swapping.
• Cold Wallet Address Obfuscations: With an obfuscated cold wallet address, users get the highest level of security.

The Jellyfish Mobile ecosystem is an advanced and sophisticated creation that connects influencers with relevant brands and helps them monetize their activity. And both parties can utilize the transaction system provided by the platform for efficient and low-fee transactions.

Besides all this, Jellyfish Mobile also offers affordable roaming services across Asia. Travel within eligible regions and never face hassles with the network. Reliable connectivity from Jellyfish Mobile benefits not just businesses and influencers, but also regular users who are always on the go!

About JFISH, the Native Token

The JFISH token, native to the Jellyfish Mobile ecosystem, is crafted with great consideration towards critical market parameters and volatility analysis. The total token supply is capped at 1 billion, of which 4% would be available during the Pre-seed Event, 6% during the three air-drops, 75% allocated to the three CEX launches, and the remaining 15% developer tokens will be released post the third CEX launch.

In addition to that, Jellyfish Mobile follows a DAO (Decentralized Autonomous Organization) style of function, wherein token holders vote on important decisions, some of which will decide the project’s future course. For those who believe they have the right intellect and proper understanding of the blockchain space, this could be the chance to drive a project towards success. Just get as many tokens as possible, become a decisive voice in the Jellyfish Mobile ecosystem, and lead the way!

Jellyfish Mobile is holding it’s much-anticipated IEO

With it’s IEO underway, interested users and investors can acquire the JFISH tokens at the lowest-ever price of 0.025 USDT until Aug 27, 2023. The token will soon list on exchanges at 0.0275 USDT.

A total of 40,000,000 tokens will be available during the IEO (Initial Exchange Offering), and the minimum purchase amount has been set at $10USD per purchaser. There is no maximum purchase cap.

Developed by a team of experienced professionals, Jellyfish Mobile aims to put an end to SIM swap attacks, provide a seamless network connectivity to users, offer absolute authority over digital assets, minimize third-party interference, become the path that guides users toward Web3, and reward them handsomely in the process. For those who believe Web3 is the future, gear up for Jellyfish Mobile and become a part of the ecosystem.

For a deeper understanding of Jellyfish Mobile’s offerings, check out their informative explainer videos on YouTube.

To find out more about Jellyfish Mobile, visit the official website: https://jellyfi.me/

Also, follow Jellyfish Mobile on all social platforms to stay up-to-date with the latest developments and sales:

Twitter: https://twitter.com/jellyfishmobile

Telegram: https://t.me/jellyfishmobile

YouTube: https://www.youtube.com/@jellyfishmobile

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.