After months of rigorous beta-testing and continued development, Xerberus, a cryptocurrency risk rating platform, has released Siren, a free tool for recovering from crypto scams.
By enabling regular users to map and then report any scams they see when exchanging coins on a network, Siren returns control to the hands of regular cryptocurrency users. It is backed by a group of attorneys who, for a charge, can file a lawsuit to recover money.
Any cryptocurrency user can utilise Siren to report a transaction if they’ve been duped. Following the scam, it produces a free comprehensive on-chain report that details the precise whereabouts of the coin or token.
In order to move on with the legal process for recovery, this report can thereafter be distributed to an expanding network of specialised London law firms who have a thorough understanding of Blockchain technology.
Essentially, Siren provides the first one-stop shop for recovering tokens and money that have been scammed.
With the aid of Xerberus’ Wallet Graph technology, Siren generates an algorithmic map of wallet transactions. To provide a comprehensive assessment of the scam’s severity, it charts the transfer of assets among all the wallets on the chain that are affected and shows “bystander” wallets in addition to those that are unaffected.
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