UNITED STATES, WASHINGTON (OBSERVATORY) — Whale Alert’s Twitter account, which monitors major cryptocurrency transactions, will now also track fraudulent transactions and assets on the wallets of cybercriminals.
🚔🚔🚔 We have teamed up with #BitcoinAbuse to better fight crypto crime! We will now report transactions made to scammers and keep track of their assets. You can help make crypto safer by reporting scams, black markets and hacks on the website below! https://t.co/Mb4cXapbjb
— Whale Alert (@whale_alert) September 3, 2019
To monitor such wallets, Whale Alert will use the data of the BitcoinAbuse service, which is a public database of bitcoin addresses used by hackers and criminals.
It is worth noting that more and more services are involved in cryptocurrency transaction tracking. So, in August, startup Chainalysis introduced a real-time alert system that informs users of suspicious transactions.
In addition, Elliptic, a company specializing in monitoring transactions on public blockchains, raised $ 23 million following the financing of Series B, which was headed by the Japanese corporation SBI Holdings.
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