Crypto users are able to report, comment on and research illicit activity on Chainabuse, a new public forum.
Blockchain intelligence firm TRM Labs has unveiled a community-based scam reporting platform.
Crypto users are able to report illicit activity to the platform's public forum. Others then upvote, downvote or comment additional information. Information regarding the same addresses or entities is consolidated in a searchable database that allows users to check addresses or projects. The hope is that users can better vet projects before engaging with them.from $6.6 billion to $8.
TRM worked with Circle, Solana Foundation, The Aave Companies, Hedera, Binance.US and Civic to develop the platform. It supports seven blockchains: Ethereum, Bitcoin, Solana, Polygon, Hedera, Binance Smart Chain and Tron. In addition to enabling individuals to be proactive about investigating potential projects, it also allows crypto firms to track the activity on the blockchains they build on or develop.
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