As cryptocurrency scams become increasingly complex, reporting them can help protect others. Chainabuse and Scamwatch are two platforms that assist in reporting crypto fraud. Chainabuse serves as a global reporting tool where individuals can share encounter details with malicious crypto activities while maintaining confidentiality. Users can include specific technical data, such as the scammer’s blockchain address and transaction details, to facilitate investigations. Conversely, Scamwatch, managed by the Australian Competition and Consumer Commission, collects scam reports in Australia, raises public awareness, and produces insights for law enforcement but does not investigate individual cases. When reporting to Scamwatch, users need to provide scam specifics and any documentation to support their claims. While neither platform guarantees the recovery of lost funds, reporting scams significantly aids in awareness and future prevention. Victims should also remain vigilant, verify links and addresses, and avoid promises of guaranteed returns to protect themselves against future scams.

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