2 months ago
EMBARGOED UNTIL 19 DECEMBER 2024 @ 9:00 AM ET
Blockchain information steadfast Blockaid said a afloat 59% of crypto tokens introduced this twelvemonth were "malicious successful nature."
The fig of nefarious tokens being sold into the unfastened marketplace ties successful with the rising memecoin communicative that has been accordant passim this cycle.
There are present 10 memecoins with a marketplace headdress of $1 cardinal oregon greater and this comparative occurrence has led to copycat tokens being launched connected Ethereum, Base and Solana among different chains.
Rug-pull scams stay a prevalent threat, making up 27% of malicious tokens, Blockaid said.
It's worthy noting, however, that the magnitude mislaid to cryptocurrency hacks and scams shrank dramatically. The FBI said that successful 2023, $5.6 cardinal was lost to crypto scams, portion this twelvemonth the full is $1.4 billion, according to Blockaid's report.
Blockaid's information stems from an on-chain detection and effect (ODR) level that processed 2.41 cardinal transactions, 780 cardinal dapp connections, and 220 cardinal tokens successful 2024.
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