Address Screening

FailSafe determines the likelihood of fraudulent activity by checking whether an address has been flagged in FailSafe’s database of fraudulent accounts. The database is gathered and maintained in real-time through means of proprietary on-chain monitoring (detecting malicious activity such as phishing, address poisoning, scam contract deployment, etc.), off-chain data collection (through popular forums such as Reddit, Twitter, and the dark web), and third party data collection (from blockchain intelligence partners, law enforcement, and community-driven initiatives). Based on the severity and frequency of suspicious flags, a composite risk score is calculated for a given address. Addresses are subsequently categorised and labelled (for easy identification and understanding of risk type).