1 year ago
About 97% of the crypto projects launched connected Uniswap are rug pulls, according to a caller study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .”
The survey undertaken by Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its deficiency of regularisation makes it casual for scammers to database non-valuable tokens connected the platform.
“If a token loses each its liquidity oregon its terms drops to zero and these levels are ne'er recovered, past the probability that the falls are owed to malicious intent increases,” the study stated.
It was revealed successful the investigation that antithetic techniques are utilized to instrumentality caller investors into buying malicious tokens. Researchers classified malicious and non-malicious tokens manually to find the malicious tokens traded successful UniswapV2, arsenic shown below:
Source: Malicious Uniswap ploys classification
“While this classification volition supply a wide overview of the tokens successful Uniswap, it depends connected non-observable variables, specified arsenic intentionality and profits,” the study reads.
The survey examined 27,588 tokens, of which 631 were deemed non-malicious, and 26,957 were deemed malicious. A full of 24,870 of the malicious are accelerated rug pulls, portion 2,087 are not LP Burns.
The researchers find this dataset capable to statement each of 26,957 tokens malicious, meaning 97.7% of the tokens nether survey are malicious.
The probe that was precocious shared by crypto influencer drnick connected Twitter received wide criticism, arsenic galore questioned the rationale down the study. Some Twitter users claimed that the survey lacks a important crushed to marque specified a submission.
Sorry, but that’s a hellhole of a flawed methodology for that claim. They virtually took ALL tokens since 5/20 – 27k successful full & didn’t fuss to filter them by liquidity/volume…anything.
That’s similar saying 97% of Twitter accounts are fake, but nary were progressive during the past year
— Maya Zehavi (@mayazi) October 31, 2022
This is not remotely concerning oregon surprising
I stake 97% of dm's from "men" to women online are 3rd satellite scammers.
I stake 97% of assemblage essays incorporate immoderate plagiarism.
What is easier, copy-pasting codification from doge-inu and rugging oregon launching a token with chainlink level utility
— AnonCryptoGuy (@AnonCryptoGuy1) October 31, 2022
The station Over 95% of tokens launched connected Uniswap are scams – Research appeared archetypal connected CryptoSlate.
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