The global cryptocurrency industry is transitioning from "wild growth" to a "regulatory era." With strategic funding from stablecoin leader Tether, XREX Group announced its entry into regulatory technology (RegTech) in 2024. On June 26, they launched XRAY, an anti-fraud wallet query tool.
What Makes XRAY Special?
The initial LINE bot version allows users to paste a blockchain wallet address into the LINE official account message field. Like an X-ray scan, it instantly reveals:
- The wallet's associated exchange
- Asset types and total balance
- Potential risks involved
This tool has helped law enforcement reduce investigation time from 4–6 days to just hours.
Key Milestones in One Month
- Hundreds of professionals from law enforcement, banks, exchanges, and institutions registered
- Assisted in 6 fraud cases entering judicial proceedings
- Developed a "Coin Flow AI Analyst" to automatically trace fund movements
On July 30, XRAY upgraded with a web version featuring 4 major enhancements—no registration required.
4 New Features of XRAY Web Version
1. No Registration Needed
Unlike the LINE bot (which requires an authorization key), the web version is immediately accessible.
2. English Support
The web version supports both Chinese and English, while the LINE bot is Chinese-only.
3. Integrated Taiwan VASP List
Displays details of 24 Taiwanese VASP (Virtual Asset Service Provider) operators, including:
- Official websites
- Contact information
- App download links
4. Complete Asset Visibility
The LINE bot shows only 4 major cryptocurrencies (BTC, ETH, USDT, USDC). The web version reveals all asset types and balance changes.
Limitations:
- No batch search support
- No advanced risk-level data (available only in LINE bot)
When to Use Each Version?
Scenario 1: Preventing "Address Poisoning" Scams
Before transferring crypto, paste the wallet address into the LINE bot to check for risks.
Scenario 2: Law Enforcement Investigations
Use the web version to:
- Identify exchange affiliations
- Trace fund flows for fraud cases
XRAY Community & AI Innovations
Phase 1: Expert Collaboration
A private group of 30+ professionals (law enforcement, analysts) shares:
- Anti-money laundering (AML) trends
- Fraud prevention strategies
Phase 2: Volunteer Expansion
Plans include:
- Assisting scam victims with reporting
- Preventing secondary scams
"Coin Flow AI Analyst" Breakthrough
This tool (exclusive to the community) combines AI with XRAY to:
- Automate fund tracking from victim deposits to scammer wallets
- Generate visual flow charts of asset consolidation
- Produce reports with actionable insights
- Track wallet histories for high-risk interactions
Result: 6 cases advanced to judicial proceedings in one month.
👉 Learn how AI enhances crypto investigations
FAQs
Q: Is XRAY free to use?
A: Yes! Both LINE bot and web versions offer free basic features. Advanced features (e.g., risk-level analysis) require registration.
Q: Which exchanges does XRAY recognize?
A: Includes XREX, Binance, OKX, Coinbase, and 20+ Taiwanese VASPs.
Q: How accurate is the AI analysis?
A: It cross-references 5+ blockchain tools for high-precision tracking of suspicious transactions.
Conclusion
XRAY bridges the gap in blockchain intelligence tools, empowering:
- Users to verify wallet safety
- Law enforcement to accelerate investigations
- Communities to combat financial crime
"Our goal is to build a safer, more accountable crypto ecosystem—starting in Taiwan and expanding across Asia." — Sun Huang, XREX Chief Security Officer
Explore XRAY: Web Version | LINE Bot
👉 Join the fight against crypto fraud