There is an online service that allows users to verify if a bitcoin address is linked to a scam.
It's called Bitcoin Abuse, and it's a database that tracks the bitcoin addresses used by ransomware, blackmailers, scammers, and other illegal activities.
The website states that 151 new reports were received only yesterday, 988 in the last week and up to 4,112 in the last month.
A total of almost 77,000 in 2020, most of which were collected in April, while in 2019 there were more than 77,000.
The website allows report the bitcoin addresses used by scammers, criminals and hackers, to build a permanent public database and verify if a given address is linked to any report received.
It also monitors stolen bitcoins to detect when hackers move them to other directions.
For example, searching for the bitcoin address used to collect BTC through the recent Twitter hack, it turns out that Bitcoin Abuse has been reported 77 times and has received more than 12.86 BTC out of 390 transactions.
It is also possible to read the reports received, the first of which was collected on July 15, when the scam was still using the Cryptoforhealth website, that is, even before the profiles of Elon Musk, Bill Gates or Barack Obama were attacked.
In this way, by sending BTC to an address without knowing with certainty the owner and its reliability, it is possible to verify on this website whether it belongs to one of those reported as involved in illegal activities, and also read the reports to understand how many there are and if they are credible.
In addition to Bitcoin Abuse, there are other similar sites, such as Scam Alert. In this case, it is a platform recently created by Whale Alert, and it works in a similar way.
However, an interesting thing is that it also reports a “ranking” of the most collected individual scam addresses, starting with the Ponzi scheme. Amfeix that in the direction 33ns4GGpz7vVAfoXDpJttwd7XkwtnvtTjw has raised nearly $ 57 million in bitcoin.
For example, when searching for the address of the Twitter hack, it turns out that it was a fake giveaway reported 86 times even by services like Bitcoin Abuse and CryptoULLDB.
The interesting thing about Scam Alert is that it also adds the status of the address card, revealing in this case, for example, that it is a confirmed scam.
In particular, the fact that Whale Alert adds the possibility to confirm the scam helps to be more certain, although not all scams are always confirmed.