WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
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 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.

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 Crypto Cryptocurrency DeFi Ethereum Exchange Market
Related News

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities

Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection

Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever

Why Is the CFTC Suing Binance?

Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms

The Latest
Markets March 28, 2023
US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases
Markets March 28, 2023
CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities
Business March 28, 2023
Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection
News March 28, 2023
Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever
Opinions March 28, 2023
Why Is the CFTC Suing Binance?
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

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