CipherTrace has announced an app coined Scout that tracks and documents illicit crypto transactions. The app traces addresses through the blockchain to identify which coins may have been used dark market and ransomware.
Do you think people are likely to use this app? Also, who would get the most use of it?
https://www.coindesk.com/ciphertrace-scout-app-takes-crypto-investigationsFor an typical trader, I don't think we need this kind of tools so I'm not going to download and use this one, and I don't trust Ciphertrace though, yes they are doing something for the crypto ecosystem, but I still have my doubts. So I'm still in the middle here, it could be abused as well and that is my main concern here. I think this should be for investigators and authorities used alone, as ordinary traders like me will just be paranoid of every coins you will got and will always do check if it is tainted or not, LOL.