So Many Crypto Scams Such Little time

Crypto transactions are currently the wild west of financial transactions and are wide open to scams and fraud.  This is largely due to the young market, the endless wallet technologies being developed, and the overall amount of beginners entering the crypto space. 

However, the single most reason so much fraud happens is FOMO.  That is right, the fear of missing out.   With 100’s of cryptocurrencies and NFT trading platforms, it is hard to stay up to date on how to protect yourself when using your crypto wallets and people tend to make quick decisions on fear of missing their opportunity.

The single best tip we can offer is SLOW DOWN.  Take some time to think about what your transacting and the details behind it.  With that, continue reading to see some ways you can check crypto wallet addresses against known fraudulent and scam addresses.

Scam Alert

Scam Alert is a great resource for both reporting and looking up scam wallets.  

From their site:

Our mission is to make blockchain safer to use for everyone by exposing scammers and other criminals who abuse it. Report scams, thefts and fraudulent websites involving any blockchain or cryptocurrency and help us fight crypto crime! With the help of our users we have already been able to track 975,223,949 USD in stolen cryptocurrencies! Use our free scam check below to help protect yourself against scams.

On their front page they have an easy scam wallet checker.  Simply copy the wallet address into the field and they will check it against the database of blacklisted wallet addresses.  Simple, easy, and quick.

Their site is powered by Whale Alert who is a blockchain analytics engine that tracks and analyzes millions of blockchain transactions for illegal activities.

Bitcoin Abuse

Bitcoin Abuse is a Database of publicly reported wallet addresses that have suspicious activity.  Some of the nice features of Bitcoin Abuse are the wallet tracking and the current activity.

They also have an API that you can connect to as well as a reporting tool to file scam wallet addresses.

BitcoinWhosWho

Bitcoin Who’s Who is dedicated to profiling the extraordinary members of the bitcoin ecosystem. Their goal is to help you verify a bitcoin address owner and avoid a bitcoin scam or fraud.

Similar to the other two, they allow posting of scam wallet addresses.  They use a tagging system to keep track of the wallet addresses that have suspicious activity.  

You can look up any wallet address or use any of their free tools.  They also have a lot of free information about bitcoin scams and fund recovery.

Other Crypto Scam Resources

Aside from those three sites above, there are lots of twitter accounts that follow the latest scams and fraudulent NFT accounts.  Many of these people just like our website are just individuals or small groups of people working hard to make the crypto space a safer place for everyone.  They truly care for the safety of the ecosystem.

Please check them out and support them in any way you can.

Stay Safe and always research who you are sending money to, check all links to make sure they are the correct ones, and lastly check the wallet address against the databases above to make sure they are not flagged as a scam address.