Question 1

What is Monchain?

Accepted Answer

Monchain is an AI-powered crypto security, AML compliance, and fraud detection platform for wallet screening, scam token scanning, sanctions signals, risk scoring, and enterprise Web3 security APIs.

Question 2

How does Monchain detect fraud?

Accepted Answer

Although for security reasons we cannot disclose the most sensitive sources of our data and fraud detection algorithm, we can disclose that we analyze blockchain data using advanced AI models trained on millions of transactions. Our engine evaluates wallet addresses, token contracts, counterparties, sanctions signals, jurisdiction signals, and transaction patterns to assign risk scores based on suspicious behavior, known scam indicators, AML risk factors, and other proprietary strategies.

Question 3

Does Monchain support crypto AML compliance?

Accepted Answer

Yes. Monchain is expanding automated AML and compliance capabilities including wallet screening, KYT transaction monitoring, sanctions exposure checks, high-risk jurisdiction signals, threshold-triggered reviews, configurable policy rules, and audit-ready compliance decision records.

Question 4

What is the difference between KYC and KYT in Monchain?

Accepted Answer

KYC verifies who a user or business is. KYT, or Know Your Transaction, monitors wallet and transaction behavior for suspicious activity. Monchain focuses on connecting wallet risk, transaction monitoring, sanctions signals, and compliance rules so teams can make faster risk-based decisions.

Question 5

Is Monchain a crypto wallet or an exchange?

Accepted Answer

We’re both, but we’re launching in phases. Right now, Monchain offers fraud detection, Risk Scoring and Reporting. Next comes our secure non-custodial wallet. After that, we’ll launch a full-featured hybrid crypto exchange built around security, trust and transparency.

Question 6

Do I need an account to use Monchain?

Accepted Answer

To use our fraud evaluation tools you need to connect your wallet for security and identification purposes only, so that only you can access sensitive features including historical scans, saved reports, and (soon) staking.

Question 7

What cryptocurrencies does Monchain support?

Accepted Answer

Currently, we support Ethereum-based wallets and smart contracts. We plan to expand to other chains like Bitcoin, BNB Chain, Polygon, and Solana in future updates.

Question 8

Is Monchain safe to use?

Accepted Answer

Yes. We take security extremely seriously. All fraud scans are read-only—meaning we never have access to your private keys, and no transactions are made on your behalf.

Question 9

Does Monchain store my wallet data?

Accepted Answer

We only store non-sensitive metadata needed to improve fraud detection (like addresses flagged by users). Your wallet private keys and full transaction history remain with you and the blockchain.

Question 10

Can Monchain prevent me from getting scammed?

Accepted Answer

While we can’t guarantee 100% protection, our tools are built to give you real-time alerts, risk analysis, and contract insights that help you make smarter decisions before interacting with anything suspicious.

Question 11

What makes your fraud scoring system reliable?

Accepted Answer

Although for security reasons we cannot disclose the most sensitive sources of our data, we can disclose that our AI models are trained on massive volumes of blockchain activity and are constantly updated with new patterns. We combine on-chain analysis, fraud typologies, AML risk indicators, sanctions and counterparty signals, and community reporting.

Question 12

Can Monchain help with sanctions screening?

Accepted Answer

Monchain is designed to surface sanctions and watchlist risk signals for crypto wallets and counterparties, including exposure patterns that may require compliance review before a transfer, withdrawal, deposit, or token interaction proceeds.

Question 13

Will the Monchain Wallet protect me from bad transactions?

Accepted Answer

Yes. Our upcoming wallet will include built-in fraud warnings, risk scores, and even transaction simulations so you’ll see red flags before confirming anything.

Question 14

Do I need to register to use Monchain?

Accepted Answer

No traditional sign-up is needed. You simply connect your crypto wallet (like MetaMask) to access the platform. This keeps things decentralized and privacy-focused.

Question 15

How do I connect my wallet?

Accepted Answer

Click “Connect Wallet” on the homepage. You’ll be prompted to sign a message (not a transaction) to verify ownership. No funds are moved during this process.

Question 16

Can I disconnect my wallet later?

Accepted Answer

Yes. You can disconnect your wallet at any time by clicking "Disconnect Wallet" on the Monchain page header, and also through your wallet provider (e.g., MetaMask).

Question 17

How do I report a scam address?

Accepted Answer

You can report a fraudulent address my clicking on "Report Fraud" menu at the top of the page. Also, after scanning a wallet or contract, you’ll see an option to “Report as Fraudulent.” Submit your report with any relevant info, it helps strengthen our detection system for others.

Question 18

Is there a way to reset or delete my account?

Accepted Answer

Yes, you can delete your account by clicking on "Delete Account" in the settings menu. This will remove all your data from our servers.

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