TRM Labs – the industry leader in blockchain intelligence solutions, has recently announced the launch of Chainabuse. But what is Chainabuse? It is the world’s first multi-chain, online community crypto scam reporting tool. This tool aims to make individuals aware of the crypto market scams, hacks, and fraud as they encounter them. Furthermore, the free application allows crypto users, financial crime victims, and crypto businesses to work towards making the crypto industry a secure place to function.
Despite the recent market crash, the cryptocurrency business has grown in recent years. It had reached a market valuation of $3 trillion in 2021. But, as popularity has grown, so has the number of hacks and scams aimed at crypto consumers. Scam alert posts are shared often on social media sites like Twitter and Discord. Yet, it seems impossible to verify, collect, or track these posts instantly.
Chainabuse gives a consolidated picture of criminal behavior reports from users to partner crypto platform operators, allowing them to discover everyday, legitimate concerns and start investigations more rapidly. Binance.US, Circle, Solana Foundation, The Aave Firms, Hedera, TRM Labs, and Civic are the seven leading crypto companies that have teamed up to build this platform.
How can you partner with Chainabuse?
TRM Labs Chainabuse team is approachable at [email protected]. Organizations can become authorized Chainabuse partners by contacting on their website. Moreover, they can also learn more about scams on their platform.
Circle is a global financial technology company. It helps companies use digital currencies and public blockchains worldwide for payments, trade, and financial applications. Circle’s transactional services, business accounts, and platform APIs empower a new generation of financial services and commerce applications. USD Coin (USDC) issued by the Circle is one of the fastest-growing dollar digital currencies.
The Solana Foundation is an NGO based in Zug, Switzerland. It works towards the network’s decentralization, expansion, and security.
The Hedera network is for a decentralized economy. It is the most utilized, long-lasting, enterprise-grade public ledger. Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Electricite de France), Eftpos, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group are among the companies that make up the platform.
Binance.US is the platform where you may buy, sell, and earn digital assets. Launched in September 2019, it aims to serve the people of the United States of America. Binance.US charges some of the lowest fees in the market. Moreover, it offers secure and dependable access to over 100 of the world’s most popular cryptocurrencies and over 220 trading pairs.
Lingham and Jonathan Smith co-founded Civic Technologies in 2015. It is a leading provider of Web3 identity management technologies. Here, a dashboard allows users to manage their Web3 identity, presence, and reputation. Billions of people use it every day.
Civic aspires to be the world’s most trusted on-chain Web3 identity solution.
As the digital economy evolves, scams will be riskier. However, solutions like Chainabuse will continue to empower the crypto industry to create a more secure and safe environment.