AMLBot x SimpleSwap: Working Together to Make Crypto Safer
Crypto adoption is growing rapidly, but so are the risks. From phishing scams to wallet-draining attacks and social engineering, users face threats at every step.
At AMLBot, we specialize in real-time blockchain monitoring, Web3 investigations, and risk intelligence. Our goal? To help platforms and users prevent losses before they happen.
That’s why we’ve partnered with SimpleSwap, a non-custodial crypto exchange, to bring AMLBot’s KYT (Know Your Transaction) technology directly into the swap experience. Together, we’re giving passive transactions proactive protection.
KYT Monitoring: Risk Detection in Real Time
Every transaction processed on SimpleSwap now goes through AMLBot’s KYT engine, the same risk analysis tech trusted by exchanges, wallets, and investigators worldwide.
This system flags risks in real time, including:
- Wallets linked to sanctioned entities, darknet mixers, or scam flows.
- Transactions involving tokens with fraud markers (like honeypots or hidden mint functions).
- Behavioral anomalies that resemble laundering or phishing-related activity.
THE GOAL IS SIMPLE: Stop suspicious flows before they reach the user’s wallet.
Pro Tips to Keep Your Crypto Safe
It’s crucial to remember that even the best technology can’t protect users from every threat! Security is a shared responsibility. That’s why we’re also sharing top field-tested tips to help you avoid the most common (and costly) crypto mistakes.
🔐 1. Use Cold Storage for Long-Term Funds
One of the most effective ways to protect your assets is to keep the majority of your funds in cold storage. Offline wallets — like hardware wallets — are one of the safest places to store crypto. They’re not connected to the internet, which means they’re immune to online attacks like malware, phishing, or exchange breaches.
💡 Pro tip: Use hot wallets only for active trading or small balances. Keep your main reserves offline.
🔍 2. Question Unrealistic Promises
“If it sounds too good to be true — it is.” That rule has saved users millions. Scammers prey on greed. Be skeptical of:
- Projects offering 100x returns
- Vague or AI-generated whitepapers
- Tokens with anonymous teams or fake audits
We investigated hundreds of scam tokens and rug pulls. The patterns are clear — don’t let FOMO override logic.
🔗 3. Watch for Phishing & Fake Links
In 2024, AMLBot investigated over 300 wallet-drain cases. The #1 cause? Phishing.
Attackers send fake links that steal wallet info, intercept seed phrases, or redirect to lookalike sites. So make sure to perform the precautions:
- Always double-check URLs
- Bookmark official platforms
- Never connect wallets to unknown dApps
❌ 4. Never Share Your Seed Phrase
Not with support teams. Not with project admins. Not even with friends. Your seed phrase is the key to your wallet.
If someone gains access to your seed phrase, they can empty your wallet instantly. There is no undo button.
Write it down. Store it offline. Keep it secret.
🛡️5. Use 2FA and Unique Passwords
Enable Two-Factor Authentication (2FA) on every crypto-related platform. Avoid SMS-based 2FA if possible — use app-based tools like Google Authenticator or Authy.
And don’t reuse passwords. Use a password manager to:
- Generate strong, unique passwords
- Secure your logins in one place
- Avoid human error or credential reuse
🔁 6. Rotate Wallets & Verify Every Address
If you’ve used the same wallet for years — or posted it publicly — consider rotating to a new one. It reduces your exposure and adds an extra layer of obfuscation.
Before sending funds, always verify the address. Clipboard hijacking and address poisoning attacks are on the rise — and one missed character can cost you everything.
Final Take: Prevention Comes First
According to our investigation data, most crypto losses don’t stem from advanced exploits. They happen because of basic, avoidable mistakes. Once funds are gone, the recovery process is time-sensitive and complex, involving forensic tracing, legal engagement, and cross-platform coordination.
That’s why we partnered with SimpleSwap — to help more users benefit from real-time risk screening and proactive security without needing technical expertise.
But even the best tech stack isn’t enough. Crypto safety is a shared responsibility. We bring the tools, signals, and intelligence, but it’s up to users to stay alert, ask questions, and follow smart practices.
That’s why you can help AMLBot flag malicious addresses and investigate fraud, hacks, and suspicious blockchain activity with their new security feature.
In crypto, one cautious click can be the difference between protection and permanent loss.
This article is for informational purposes only and does not constitute investment advice. All cryptocurrency transactions are conducted at your own risk.
Co-created by AMLBot and SimpleSwap.