With investment scams and financial fraud on the rise, Taiwan experienced fraud losses totaling NT$200 billion in 2023, accounting for 0.9% of the GDP. Fraudulent entities engage in illegal activities, laundering money through blockchain technology and cryptocurrencies. These actions not only tarnish the reputation of exchanges but also victimize us. XREX aims to prevent criminals from using our services, prioritizing legitimate users and ensuring clean financial flows on a secure trading platform. To assist law enforcement in combating blockchain financial crime, XREX introduces international leading technology to facilitate cryptocurrency transaction flow analysis. XRAY utilizes the transparent and traceable nature of blockchain technology to provide wallet address identification and risk labeling, enhancing detection capabilities for illicit activities on the blockchain.

For Law Enforcement Personnel: Instantly identify the exchange linked to a wallet and access its on-chain transaction data in real-time, streamlining investigations. Fully disclose the attributes and risk levels of suspicious wallets to facilitate comprehensive investigations of illicit activities. For Compliance Officers at Banks, Electronic Payment Providers, Exchanges, and Financial Institutions: Assess the risk level of user deposits and withdrawals to actively protect user assets. Prevent fraud by blocking victims from sending funds to scam wallets and stopping criminals. For the General public: Understand the activities of the transaction counterparts' wallets. Accurately identify if the particular wallet belongs to any domestic and international exchanges, as well as display the balance and types of crypto assets stored in it.

Everyone can register and use XRAY’s free Standard version by adding the XRAY chatbot on LINE after passing verification. By sending one wallet address or a batch of addresses to the chatbot, the chatbot will immediately respond with the inquiry results. The Advanced version of XRAY, which involves further criminal intelligence, is currently available only to law enforcement, regulatory agencies, government officials, and compliance officers in banks, electronic payment services, and exchanges. This version provides additional information on the risk level and risk attribution associated with the queried wallet address, such as scams, fraud, money laundering, organized crime, sanctions, and hacking.