Your tax tool booked that bridge as a sale.
Move coins between your own wallets — or across a bridge — and most tax tools drop your cost basis and book gains you never made; Verilot flags them, with a tx-hash to prove every flag.
$44,975,057 in phantom gains. One owner's public wallets.
Vitalik's public wallet cluster, run through standard cost-basis rules — linked as one owner vs. treated as strangers. Re-run it yourself.
Read-only. No sign-up, no keys — about 60 seconds.
Read-only. Public address in, report out. Nothing to sign, connect, or approve.
No keys, ever. Anyone asking for your seed phrase in our name is a scammer.
Evidence on every line. Each flag cites its tx hash and the rule that fired — verify us, don't trust us.
We ran it on the most public wallet on Ethereum.
Five publicly tagged Vitalik-linked wallets. One engine, two runs — the only difference is whether transfers between your own wallets keep their cost basis.
$44,975,057of phantom gains
Wallet linking off: $164.1M "realized gains" · Wallet linking on: $119.2M — same data, same disposals, same prices.
2022 alone: +$31.3M naive vs +$10.5M actual.
One disposal was booked as a +$7.57M profit. It was really a −$0.80M loss.
At a 20% long-term rate, that's roughly $9.0M of tax computed on gains that never economically happened — illustrative only, not anyone's actual tax bill.
The live /check result screen from a scan of a real, unrelated wallet (not the Vitalik run above) — every scan ends with this stats grid and an on-chain balance tie-out.
Assumptions & method
Figures are model outputs under stated assumptions — every outflow leaving the cluster is treated as a disposal at fair market value, native ETH only, daily prices, FIFO — not Vitalik's actual tax position, and not affiliated with or endorsed by him. "Naive" is our own engine with wallet linking switched off, the generic behavior of per-wallet cost-basis accounting; it is not a claim about any specific commercial product. Every input is public on-chain data and the full run is reproducible from the published method. This is not tax advice.
Your wallets have their own version of this number. Check yours — read-only, no keys →
The $45M number is Vitalik's. The mechanics are yours. Every wallet-to-wallet transfer and every bridge deposit runs the same play: the receiving side arrives with no cost basis, no basis reads as $0, and $0 basis turns a transfer to yourself into “pure profit.” The scale changes — the math doesn't.
Three steps, no keys
- Paste a wallet address.
Read-only, no wallet connection, no sign-up wall. Ethereum mainnet today — more chains on the roadmap.
- We hunt the mislabels.
Bridge deposits booked as sales. Wallet-to-wallet transfers that "reset" your holding period. Disposals stripped of their cost basis. Anything we can't price or classify with certainty gets flagged for review — no silent guessing.
- You get the damage report.
Every suspect transaction, what the mainstream treatment likely did to it, and the dollar impact — sorted biggest first, each line with a tx-hash evidence link.
Built to be verified, not trusted
We only ever read public chain data. We can't move funds — there's nothing to connect.
No deposits, no approvals, no smart-contract interactions.
We will never ask for a private key or seed phrase. If something claiming to be us does, it's a scam.
Each finding cites the transaction hash and the rule that fired. You verify us, not the other way around.
FAQ
How is this different from Koinly or CoinTracker?
Different job. Those tools try to compute your whole tax report across everything you've ever done. Verilot does one narrow thing: find the specific transactions where that kind of tool tends to break — bridge deposits, self-transfers between your own wallets, and disposals stripped of their cost basis — and quantify the damage with on-chain evidence. Think of it as a second opinion, not a replacement.
Do you need my private keys or a wallet connection?
Never. You paste a public address and we read public blockchain data. There is nothing to sign, approve, or connect.
Which chains are supported — and can I upload a CSV?
Today: Ethereum mainnet — native ETH and ERC-20 tokens, up to 5 wallets and 500 events per free scan. Base and Arbitrum are next on the roadmap, and exchange CSV import (including your 1099-DA figures) is planned — neither is live yet, and we won't say it is until it is. We'd rather be exactly right on one chain than approximately right on fifty.
How much will it cost?
The free scan stays free. The full audit report — a CPA-ready evidence package — will be a one-time purchase under $100, no subscription. Exact pricing lands when it ships.
What is Form 1099-DA, and why should I care?
It's the new IRS form for digital assets. Brokers already report gross proceeds — that started with 2025 transactions, and the first forms went out in early 2026. Starting with 2026 transactions they report cost basis too, and those forms land in early 2027. The problem: brokers only see their own slice of your activity. If you self-custody or use DeFi, the basis they report (or fail to report) may not match reality — and it's on you to reconcile the difference on your return.
Is this tax advice?
No. Verilot is not a tax, legal, or accounting advisor. What we produce is evidence: a reconciliation with a tx-hash on every line. We give you the evidence — you and your CPA decide what to do with it.
What happens to my data?
The waitlist collects exactly one thing: your email. It's stored for beta invites and build updates, never sold or shared, and deleted on request. When you later scan a wallet, we read public chain data — the same data anyone can see on a block explorer.
$44,975,057 in phantom gains. One owner's public wallets.
Move coins between your own wallets — or across a bridge — and most tax tools drop your cost basis and book gains you never made; Verilot flags them, with a tx-hash to prove every flag.
Run my free scanRead-only. No sign-up, no keys — about 60 seconds.