TransCrypts

TransCrypts has raised $15M to build the future of on chain verification. Consumer empowered credentials verified on chain is the only way to create trust for digital interactions in the age of AI. We already work with over 500 enterprises and are only getting started

Hiring fraud isn’t rare anymore it’s the norm. 72% of companies have seen AI generated or edited resumes 62% report exaggerated skills 48% fake credentials 38% fake references 23% deepfake or identity fraud in interviews Even more companies say these are serious threats. The gap between what’s happening and how we verify candidates is getting bigger.

Time Spent on Traditional Credential Verification vs Instant Cryptographic Verification Manual checks: 7.8 hours Education & employment verification: 2 days Full background check (criminal + references) 4 days Traditional hiring process (end-to-end) 42 days TransCrypts: Instantaneous ⚡️ Sources: Sources: Checkr, First Advantage, Yardstik & SHRM Hiring Benchmarks 2025–2026

AI is taking over hiring but trust hasn’t caught up. 87% of companies now use AI in recruitment (99% of Fortune 500). 65% of recruiters actively rely on it. 93% plan to increase usage in 2026. Yet only 26% of job candidates trust AI to evaluate them fairly. The adoption is massive. The trust gap is real.

@bluelivesmtr @RepWoolford If someone can apply for benefits under a fake identity and get approved, that points to a serious verification gap.

Hiring fraud isn’t rare anymore. It’s becoming a real business cost. 23% of companies lost over $50K last year from hiring or identity fraud. 10% lost over $100K. And half of managers say it’s happened multiple times.

AI hiring fraud is accelerating.... 50% of businesses have already encountered AI deepfake fraud. 17% of hiring managers say they’ve faced a deepfake candidate. ~60% report fraud losses increasing since 2024. And 72% of leaders now rank AI-enabled fraud as a top threat. Traditional hiring checks are quickly losing ground to GenAI scams.

Hiring fraud is quietly becoming a real business risk. 63% of companies have already updated hiring protocols because of AI-driven fraud. 65% have had to train HR teams to detect it. 70% of managers say the financial risk is still underestimated. Yet only 19% are confident their current process actually catches it. As resumes become easier to fake and AI tools get better, companies are realizing hiring verification has to evolve too.

@RepBoebert Election integrity depends on strong verification, transparent processes, and consistent enforcement of the law. If fraud occurs it should be investigated and prosecuted, but public trust comes from evidence and clear safeguards that protect every legitimate vote.

Election fraud is real. PASS THE SAVE AMERICA ACT!

@nypost @mirandadevine If hundreds of millions in fraud were uncovered, the details matter. Large public programs will always attract abuse. The key question is whether oversight finds it and fixes the system before it spreads.

SBA Administrator Kelly Loeffler sat down with @mirandadevine on the latest episode of "Pod Force One" and shared details about the hundreds of millions of dollars of fraud she’s uncovered in California and Minnesota. Subscribe here: trib.al/Dg3XA9i

MIND BLOWN: THIS is how bad the fraud is in Democrat-run states! Michigan Rep. @RepWoolford testified under oath that he used a fake name and Gov. Gretchen Whitmer’s address to apply for state benefits. And...wait for it.... turns out he was approved without being asked for a Social Security number or alien ID. By the way, this comes the state faces millions of dollars in suspected fraud in state assistance programs. REPOST for exposure! #thinblueline #lawenforcement

@zerohedge When a program the size of New York’s Medicaid system faces fraud allegations, the scale matters. Tens of billions in spending means even small abuse rates can cost huge amounts.

New York's Medicaid Program Under Federal Investigation For Alleged Fraud zerohedge.com/medical/new-yo…

@CBSNews When hundreds of hospice companies appear in a tiny geographic area, it’s a red flag for systemic billing abuse.

CALIFORNIA HOSPICE FRAUD: There's a stretch in Los Angeles with 500 registered hospice companies within just three miles of each other. And 89 in a single building. But when we visited, we found empty offices, piled-up mail, and phone lines dead. Watch CBS News' exclusive investigation into the fraud that's costing taxpayers hundreds of millions of dollars. #losangeles #la

@DerrickEvans4WV If fraud exists in major public programs, it should be investigated and addressed regardless of politics. Oversight and enforcement should be consistent across administrations. The focus should be on evidence, transparency, and protecting taxpayer funds.

🚨 JUST IN: Sen. John Fetterman backs the Trump administration’s push to purge fraud. "There was a lot of fraud in Medicaid. Let's root that out! Same thing with immigration!" "That's what [Dr. Oz] is zeroing in on. Absolutely!"

@MAGAVoice Fraud must be investigated and made public!!!

BREAKING 🚨 Nick Shirley just told Gavin Newsom that he is dropping a NEW California Fraud Exposé at the end of the week or early next week I CANNOT WAIT TO WATCH IT KEEP EXPOSING 🔥

62% of recruiters say candidates exaggerate skills. 59% are seeing AI-generated or heavily edited resumes. Hiring fraud isn’t rare anymore, it’s becoming normal. Verification is struggling to keep up....

@BarefootStudent That’s what happens when industries shift faster than career paths. Automation, layoffs, and cost pressures are pushing people to rethink long term stability. The labor market is getting more fluid whether people want it or not.

43% of workers are ‘actively’ looking to switch career fields in 2026, per The Independent.

@EricLDaugh If there are fraud cases, investigate them fully and prosecute anyone responsible. Fraud is a crime regardless of who commits it. Accountability should target the individuals and networks involved, not entire communities.

🚨 BREAKING: Tim Walz was just CONFRONTED with the brutal reality of the Somali 3rd worlders leeching off America - 54% of Somalis are on food stamps - 81% have a family member on Medicaid - 87% of those charged in the Minnesota fraud scheme are SOMALI! 🤯

@unusual_whales White collar hiring is tightening fast. Fewer openings per employee means competition rises and mobility slows. The labor market is shifting from expansion to consolidation.

There are only 1.6 job openings per 100 employees in white-collar service roles, the lowest level since 2015, per Bloomberg.

@barkmeta Gen Z is dealing with a very different economic structure. Higher housing costs, heavier debt loads, and a more automated job market create pressure earlier in life. The stress isn’t imaginary. The system around them changed.

The life of Gen Z: - College degree is worthless - Rent is half your paycheck - AI is replacing your job - Houses cost 20x your salary - WW3 started and you might get drafted - Boomers asking why you're stressed

@C_3C_3 Election integrity depends on enforcing the law and maintaining transparent safeguards

Wait a second!!! The thing we were told doesn’t happen just happened. Shakir Khan 41 completed and sealed mail in ballots. 71 names registered to his address. Now multiply Khan by 10’s of millions. Voter fraud is staggering. Pass the SAVE AMERICA ACT!