ETHEREUM TRUST

hey welcome all ,in this article im gonna tell you about the data analytics of ethereum blockchain . it includes scams ,phishing , AML ,etc

first of all we can look at NFT scams . NFT is huge popular in the world right now and also there is a huge scam . NFTs , this term is familiar with everyone , but in the last one year $100m worth of NFTs are stolen . it also include famous cryptopunk NFTs later it sold for $490K . Emphasising the persisting problem of scams, assets #9650 and #5759 in the CloneX collection have been stolen twice in the space of three months — in two unrelated scam incidents — having been worth around $50,000 on both occasions.it’s important to do your research on the NFT you’re interested in. On a lot of scam sites, NFTs that usually go for hundreds of thousands will be priced at a fraction of their worth. For example, an NFT from the Bored Ape Yacht Club collection, Ape #4935, is currently selling on Opensea for $124,188. But a fake seller will list a copy of this NFT for a much lower price, drawing in those who want their own Ape NFT without breaking the bank

next we can look at the phishing scams ,
Phishing scams have been around for some time but are still popular. Scammers send emails with malicious links to a fake website to gather personal details, such as cryptocurrency wallet key information.Unlike passwords, users only get one unique private key to digital wallets. But if a private key is stolen, it is troublesome to change this key. Each key is unique to a wallet; so, to update this key, the person needs to create a new wallet.To avoid phishing scams, never enter secure information from an email link. Always go directly to the site, no matter how legitimate the website or link appears.

then we are going to look anti money laundering ,AML or Anti Money Laundering regulations are one of the key elements in proving the significance of compliance for crypto. AML basically refers to the procedures and legal precedents which help in identifying and preventing the misuse of crypto assets and transactions for illegal activities. The basic highlights of crypto compliance include an emphasis on three important components such as,

KYC

KYB

KYT

Businesses can evaluate people, wallets, transactions, and entities through the scope of AML standards for identifying and reporting suspicious activity. The AML compliance process also emphasizes user verification through the components of KYC, KYB, and KYT. User verification plays a vital role in developing trust among crypto users alongside improving credibility of the ecosystem

A fake NFT involves a scammer taking someone else’s work, minting it and selling it on the marketplace under the guise of the original creator. Fake NFTs may include plagiarized work or fraudulent accounts pushing stolen content.

Bored Ape Yacht Club is one of the top NFT collections to date, so it’s not surprising that there are copycat and plagiarized collections rampant across NFT marketplaces.

How to avoid:

• Look for accounts that are verified on NFT marketplaces, or seek out official collections.
• Consider collections with a long-standing history.
• Compare suspicious NFTs to the official collection for differences in resolution, format, creator name and size to help determine if it’s legitimate.
• Accounts with few or only one NFT can be a red flag.
• Look at the metadata of the NFT you plan to purchase. Metadata can be used to verify an NFT’s authenticity using a blockchain explorer