Peckshield, a well-known blockchain security company Revealed that it is investigating more than 50 suspicious projects on Binance Smart Chain (BSC).
Rug pulls are a frequent occurrence in the crypto space in 2021, with DeFi developers unexpectedly abandoning projects and siphoning off user funds, with Binance Smart Chain being one of the DeFi-enhanced platforms. great popularity and attracts a large number of ill-wishers as well.
Peckshield states that more than 50 tokens that may be “rug pull” are being reviewed on the BSC, with the blockchain security firm alerting the community that: The administrator behind the token can generate unlimited tokens. This includes limiting users, banning token sales and even blacklisting accounts.
The risk tokens mentioned in Peckshield’s listing are operated by an anonymous team and the company.treatsAll projects are “moderate” in terms of severity.
followreportBlockchain firm Chainalysis found that rug pulls accounted for 37% of all scams last year. compared to just 1% in 2020
But Chainalysis believes that crime related to crypto could be reduced as law enforcement’s ability to combat these scams has evolved.
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