What is bitcoinabuse & chainabuse?

We are happy to announce BitcoinAbuse and Chainabuse - the leading reporting platform of malicious crypto activity - have joined forces. Chainabuse is like Bitcoinabuse, with more superpowers.

What is bitcoin & how does it work?

When Bitcoin burst onto the scene in 2009, fans heralded the cryptocurrency as a secure, decentralized and anonymous way to conduct transactions outside the traditional financial system. Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their names or locations.

Is bitcoin traceable?

Bitcoin is also traceable. While the digital currency can be created, moved and stored outside the purview of any government or financial institution, each payment is recorded in a permanent fixed ledger, called the blockchain. That means all Bitcoin transactions are out in the open.

Are all bitcoin transactions open?

That means all Bitcoin transactions are out in the open. The Bitcoin ledger can be viewed by anyone who is plugged into the blockchain. “It is digital bread crumbs,” said Kathryn Haun, a former federal prosecutor and investor at venture-capital firm Andreessen Horowitz.