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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Jaephoenix on March 11, 2022, 05:50:58 PM

Title: Chainalysis making crypto wallet tagging public
Post by: Jaephoenix on March 11, 2022, 05:50:58 PM

Launching today are Chainalysis' oracles which can be used to trace criminal wallets on many blockchains. Oracles are smart contracts identifying sanctioned wallets on Ethereum and EVM-compatible networks like Polygon and Avalanche
What do you guys think? Good or bad for crypto?
Source
https://www.theblockcrypto.com/linked/137292/chainalysis-makes-new-crypto-sanctions-monitoring-tools-free-to-the-public?utm_source=rss&utm_medium=rss

Title: Re: Chainalysis making crypto wallet tagging public
Post by: TomPluz on March 13, 2022, 05:33:28 AM

I would say that generally speaking this can be good for the cryptocurrency industry. We know that any industry always got bad actors and they can be unleashing mayhems on innocent people and we are seeing this in the many scams, frauds, hacks and similar evils affecting many people in the past and even more so today. Tracing wallets used in criminal activities  can help a lot and can be used by authorities to investigate frauds committed. Now, on the other hand, there should be a way to address wrong association just in case the system can fail. Overall, am supporting this being a victim of many scams and phishing in the past.