Well-known Ethereum (ETH) block exploring platform Etherscan has reportedly introduced a machine learning-based surveillance tool, which helps identify ETH and wallets having connections with illegal acts. 

Specifically, the new solution will reportedly flag wallets that may potentially come from a suspiciously illicit source, ultimately offering customers the feature that helps verify if the coins coming to them possess a checkered history. 

Etherscan has reportedly disclosed the arrival of its new project – goes by the name “ETHProtect” – via a blog post on April 14th. 

ETHProtect will be issuing “daily user reports on suspicious fraudulent activities”, which will then undergo a reviewing and validating process conducted by the security research analysing team at Etherscan. 

The detection system was particularly built with a primary goal to locate funds with an established connection to hacks, scams, phishing, exploits and other malicious activities. ETHProtect’s tracing is never static; the engine constantly traces and identifies any newly tainted addresses”, in a real-time manner, the post read. 

Anytime a user looks for data regarding a flagged wallet via Etherscan, a red banner will pop up, letting that user know that the funds stored inside that wallets have been identified to have had associations with illegal acts. 

Users will reportedly also be able to track the history of transactions, regarding the blacklisted coins, learning the coin’s movements and which channels it has traveled through.