WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,234.03 0.16%Ethereum (ETH) $1,591.68 0.12%BNB (BNB) $213.05 0.08%XRP (XRP) $0.499464 0.46%Cardano (ADA) $0.244634 0.70%Solana (SOL) $18.95 2.00%Dogecoin (DOGE) $0.060553 0.55%Polkadot (DOT) $4.00 1.18%Shiba Inu (SHIB) $0.000007 0.93%Dai (DAI) $0.999659 0.03%TRON (TRX) $0.085016 0.35%Polygon (MATIC) $0.507553 2.49%Avalanche (AVAX) $9.01 0.49%Uniswap (UNI) $4.29 0.06%Litecoin (LTC) $63.81 0.99%
Crypto Prices
WebsCrypto
News

8% Of ERC-20 Tokens on Ethereum Show Characteristics of Fraudulent Activity

By Simon LawsonOctober 29, 20221 Min Read
8% Of ERC-20 Tokens on Ethereum Show Characteristics of Fraudulent Activity
Share
Facebook Twitter Telegram LinkedIn Reddit Email

According to reports, crypto risk monitoring and market monitoring firm SolidusLabs recently disclosed. 12% of BEP-20 Tokens on BNB Chain showed signs of fraud, while 8% of ERC-20 Tokens on ETH 0.12%/">Ethereum showed signs of fraud.

Solidus Labs also noted that roughly as much as $910 million in fraud-related ETH was processed through centralized or regulated cryptocurrency exchanges. In addition, some smaller attacks (such as the Squid GamesToken scam that has cost users around $3 million) have not received much attention.

Advertisements

Eleven DeFi protocols were attacked in October, affecting $718 million in crypto assets, the highest monthly record for crypto losses so far this year, according to data from blockchain analytics arm Chainalysis.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Blockchain Cryptocurrency DeFi Ethereum Exchange
Simon Lawson
  • X (Twitter)

Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

Recommended Reading

News September 27, 2023

Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community

News September 27, 2023

Federal Reserve Report Explores Financial Stability Implications of Tokenized Assets, Citing Growth and Interconnectivity Concerns

Business September 27, 2023

Grayscale Faces Fee War in US Bitcoin ETF Race

Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

The Latest
News September 27, 2023

Vitalik Buterin’s Recent Ethereum Transfers Raise Eyebrows in the Crypto Community

News September 27, 2023

Federal Reserve Report Explores Financial Stability Implications of Tokenized Assets, Citing Growth and Interconnectivity Concerns

Business September 27, 2023

Grayscale Faces Fee War in US Bitcoin ETF Race

Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.