A look at TokenSniffer, a website tracking cryptocurrency scams that claim to have tracked 42,071 tokens and 2,250 scams or hacks as of June 16. (Bloomberg)

Blockchain technology is a new technology based on the concept of decentralization, and it’s changing the world. A distributed ledger technology allows transactions to be shared and verified across a network without relying on trust. This technology is transforming the financial services sector, and the impact will also extend to many other industries. There are thousands of cryptocurrencies, and the number is growing every day. The good news is that not all are scams or fake, and some are very good. The problem is that many scammers are using the name, the buzz around blockchain, and the hype it creates. A site called TokenSniffer has published a detailed analysis of cryptocurrency scam websites. According to the site’s analysis, which includes over 40,000 different tokens, over 2,000 scammers have been identified, and 2,250 scams have been reported since January 2018.

What is a TokenSniffer? 

TokenSniffer is an open-source tool for detecting whether or not a website uses a token-based authentication system. These simple systems can prevent users from logging into websites or apps. You can find out which site you’re trying to log in to by clicking on the link in the email or the phone. If you click the link, you’ll be taken to a site where you can enter your username and password. The TokenSniffer tool is a simple way to check how many tokens you use across multiple apps in your account. You can also check if there are any errors in your code. It runs through the sale process, looking for elements that don’t belong there, such as hidden fees and charges. 

How does TokenSniffer work? 

TokenSniffer is an open-source web application that helps to protect your online reputation. If someone tries to hack your website, they’ll be detected and blocked automatically. This software checks all your pages against a database of known malicious domains. It then provides an instant alert when it finds one. When your domain is scanned, it produces a report that shows all the pages on your site that have been affected. You can quickly take action and clean up the issue before it worsens.

How TokenSniffer claims to have tracked 42,071 tokens and 2,250 scams or hacks as of June 16?  

The TokenSniffer project claims that it has identified more than 42,000 tokens and 2,250 scams or hacks. The project is currently in the early stages of development and is based out of the US to become the global token security network. It uses a decentralized technology model, using the blockchain to ensure that data is secure, reliable, and tamper-proof. It is a distributed database that contains information about digital currency, crypto-related projects, and companies. They built a simple, free, open-source tool for developers, investors, journalists, and the general public to analyze and track ICOs based on their criteria.


In conclusion, TokenSniffer is a good resource for determining whether a cryptocurrency is legit. You don’t necessarily need to invest a lot of time or money into researching your investment; all you need is an Internet connection and a few minutes to find out if a new investment is worth your time. The site claims to have tracked $4.3 billion worth of tokens, scams, and hacks. So far, they claim to have found 42,071 tokens and 2,250 scams. The site also provides a map to show where each scam was located.


1. How many scams are on the site? 

The site has over 2,250 scams listed.

2. Who runs it? 

A group of volunteers runs the site.

3. What do you think about the site? 

It’s great that people are doing this kind of work. The more information we have about scams, the better.

4. What do you think about the site being free? 

It’s great that people can help others without having to pay anything.

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