Blockchain security auditor Hacken recently revealed concerning insights into the proliferation of ‘rug pulls, a malicious tactic aimed at stealing funds from crypto users, and how they accounted for the majority of Q3 crypto scams.
Rug Pulls: The Prevalent Crypto Scourge
‘Rug pulls,’ as they are colloquially referred to, are a specific type of exit scam. Project teams artificially inflate the value of their token before abruptly removing all liquidity, leaving investors in the lurch. Disturbingly, this method made up roughly 65.1% of all Q3 hacks, Hacken’s research showed.
According to the report, a core reason behind such high numbers is the ease with which these scams can be concocted. With “token factories” churning out fraudulent tokens en masse, this menace seems poised to continue unless drastic measures are undertaken, the report added.
Despite their high frequency, rug pulls are not impenetrable fortresses. Hacken’s data suggests these scams are among the simple
We współpracy z: https://bitcoinist.com/why-85-of-q3s-crypto-biggest-scams-went-undetected/
