Crypto scams abound: you can report them on this platform

The world of cryptocurrencies is full of scams, whether buying fake tokens, attempting to steal NFTs, phishing, or investing in shady projects. There is a site to help you find your way around.

On the Internet, there is no shortage of scams. Unfortunately, this sentence is also true in the cryptocurrency sector, where attempts at scams, thefts and deceptions are extremely numerous. The situation is such that Numerama has already written a guide presenting some tips and tools, in order to avoid falling into a trap when looking to invest in a crypto project.

A new tool now exists: Chainabuse. The site, launched in May 2022, references the latest scam attempts spotted by Internet users and offers a lot of information on scammers.

The home page of the site. // Source : Screenshot Chainabuse

A platform to report and search for scams

Chainabuse is described as a platform for anyone to report fraudulent behavior across all blockchains, and “ learn about crypto hacks, scams, and illicit activities “. ” Chainabuse was launched to help users around the world have a safer crypto environment”, explains the site, developed and managed by TRM Labs, a company specializing in blockchain security. In addition to making reports on fraudulent sites or on people with illicit activities, it is possible to search by name and type of scam.

Since its launch in May 2022, Chainabuse has already received 812 reports, including more than 200 scams on the Ethereum blockchain, 199 on the bitcoin one and more than a hundred on the Binance chain. We can also see that 65 scams say ” rug sweater are listed, and 89 NFT-related scams. It’s no surprise: these are some of the most popular flight techniques, not least because of the popularity of non fungible tokens. Numerama has also spoken several times about some of these scams.

The most numerous scam attempts are fraudulent sites claiming to collect donations to help Ukrainians who are victims of the Russian invasion. These attempted scams all seem to work according to the same modus operandi, pretending to be associations present in the field, and accepting several crypto-currencies.

Screenshot 2022-06-03 at 15.21.26
An example of a fake donation site for Ukraine. // Source : chainabuse

Be careful though: if you have been the victim of a crypto scam, filing a report on Chainabuse is not the equivalent of going to file a complaint. Reporting is also no guarantee that you will be able to get your money back. However, ” reporting on Chainabuse can help potential victims avoid the scam. We encourage all victims to notify the judicial authorities of their country “, is it announced on the site.

In France, you can report to Pharosthe official platform for reporting illegal online content and behavior. You can also report online directly to Europolthe police office of the European Union.

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Crypto scams abound: you can report them on this platform


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