I would like to use this post as a means to post Ideas for securing and mitigating fraud. Since Charles basically called people in Law Enforcement to help. I figured it may be a good idea to put our heads together to advise IOHK or the foundation on possible avenues to prevent fraudulent transactions, and helping keep people safe. I would Imagine that if the ideas work there could be funding put towards these goals in the next catalyst round. I will post my ideas are below, so let see what you all got.
I’d you would like to see the video where he calls on law enforcement for ideas. Click here → Scams and Misinformation about Cardano - YouTube
Wallet Ideas (w/credit to the authors):
There should be a customizable address book that will act as the users whitelist and commonly used addresses. These addresses can be modified by the user to include things like Name, category, and favorites. I.E “Mom” could be in the family category with a gold star and her address is always “addr…”
Create a community blacklist where people can submit malicious addresses. These addresses could be either hosted by IOHK or organization.
Tie in a backend for the wallet to check against a blacklist of addresses. If the user tries to send funds to an address on the blacklist the user is prompted with a warning that the address could be malicious.
Provide a means of submitting an address to the blacklist from the wallet and blockchain explorers.
Provide a seperate vault in the wallet that can be secured with a time-lockup feature, and/or 2FA that stops users from sending their crypto in a spontaneous moment. - EuroBlox
Of course provide a method in wallet to turn off this feature for advanced users who like to YOLO their assets without any bothersome prompts or warnings.
This is all I have right now.