TRM Labs Acquires Bitcoinabuse.com to Enhance Chainabuse Platform
TRM Labs has acquired Bitcoinabuse.com, a platform for reporting crypto scams, in order to enhance Chainabuse, the world’s largest destination for reporting malicious crypto activity.
Chainabuse is a community-driven platform that allows users to report and check crypto scams, such as phishing and fraud. Since its launch in 2022, the platform has received almost 500,000 scam reports and offers support to victims. It also aids law enforcement agencies in asset seizure and increases the chances of recovering stolen funds.
The acquisition of Bitcoinabuse.com will integrate all previously reported scam data into Chainabuse, making it easier for users to access and share information on malicious crypto activity. Bitcoinabuse.com was created in 2018 as a public database of Bitcoin addresses used by scammers and has become a trusted source for reporting and tracking crypto scams.
Chainabuse is supported by various organizations, partners, and foundations dedicated to making crypto safer. The platform recently added 17 new technology partners, including 1inch, Ledger, Avascan, and Edge Wallet.
TRM Labs provides blockchain intelligence solutions to detect and mitigate crypto-related fraud and financial crime for financial institutions, cryptocurrency businesses, and public agencies.
Hot Take: Making Crypto Safer with Enhanced Reporting
TRM Labs’ acquisition of Bitcoinabuse.com to enhance the Chainabuse platform is a significant step towards making the crypto space safer. By integrating all previously reported scam data into one platform, users will have easier access to information on malicious activities like phishing and fraud. This consolidation of resources will help victims receive support promptly while aiding law enforcement agencies in asset seizure and fund recovery.
The addition of Bitcoinabuse.com, a trusted source for reporting and tracking crypto scams, further strengthens Chainabuse’s credibility. With the support of leading organizations and technology partners, Chainabuse is well-positioned to continue its mission of creating a safer environment for the growing number of crypto users worldwide.
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