Why You Should Check Every Wallet
Crypto transactions are irreversible. Once you send funds to a scam wallet, there's no bank to call, no chargeback to file. The only protection is checking before you send. Here are the 7 biggest red flags that indicate a wallet might be a scam.
Brand new wallet with no history
A wallet with zero transactions could be freshly created for a scam. Legitimate wallets usually have some activity history.
Only receives funds, never sends
A receive-only pattern can indicate a collection wallet used in phishing or ponzi schemes that accumulates funds before disappearing.
Connected to mixer services
Wallets that have interacted with Tornado Cash or other mixers may be trying to hide the origin of funds — a major red flag.
High failed transaction rate
Many failed transactions can indicate someone testing exploit contracts or attempting to interact with honeypots repeatedly.
Interacted with blacklisted contracts
If a wallet has transacted with addresses flagged by GoPlus or other security databases, it may be involved in known scam operations.
On the OFAC sanctions list
The US Treasury maintains a list of sanctioned crypto addresses. Interacting with these wallets is illegal and could freeze your assets.
Sudden spike in large transactions
A dormant wallet that suddenly moves large amounts could indicate a compromised wallet or a scam operation cashing out before disappearing.
How to Protect Yourself
The easiest way to check for all 7 red flags at once is to use a wallet scanner like CryptoGuard. Paste any address, select the blockchain, and get an instant risk score that checks against OFAC sanctions, GoPlus Security, and on-chain transaction patterns.
Check any wallet in seconds
CryptoGuard detects all 7 red flags automatically. Free to use, no credit card required.
Scan a wallet now