According to recent research from crypto risk monitoring firm Solidus Labs, nearly 12% of all BEP-20 tokens, the standard token on the BNB chain, are linked to scams. According to the research firm, 15 deployed scams are detected every hour. It has discovered over 188,525 smart contract scams in the last two weeks across twelve major blockchains. In a statement, Solidus Vice President of Regulatory Affairs Kathy Kraninger said, “While some of the big rug pulls and scams make the news, like the famous Squid Games Token that’s estimated to have cost users around $3 million in lost funds, the full picture stemming from our data shows the vast majority of these scams go unnoticed.”
