๐ ๐๐ผ๐ผ๐ฑ ๐ก๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐ฆ๐บ๐ฎ๐ฟ๐ ๐๐ต๐ฎ๐ถ๐ป (๐๐ฆ๐) ๐จ๐๐ฒ๐ฟ๐! ๐
๐ Scams on BSC have plummeted by a whopping 75% in Q3 of 2023, according to a report by AvengerDAO and security firm HashDit. Losses dropped from $55.4 million to just $13.6 million! ๐
What's behind this remarkable drop in scam-related losses? ๐ต๏ธโโ๏ธ
๐ Increased awareness among the BSC community.
๐ More effective security products to flag malicious websites and activities.
๐ซ Proactive community members identifying scams early and issuing warnings.
This growing awareness has made it tougher for scammers to exploit unsuspecting victims, creating a more secure BSC ecosystem. ๐ช
However, there's a concern to address - Rug pulls still account for a staggering 67% of total losses. ๐งถ
Rug pulls are deceitful schemes that lure investors with promises of innovation but vanish with their funds. Stay vigilant! ๐จ
๐ Security experts warn that malicious actors are drawn to BSC due to its affordability compared to Ethereum. But together, we can fight back! ๐ช
While we're making progress, the battle against fraud on BSC is ongoing. Collaboration, education, and vigilance are key to maintaining a secure platform
Stay optimistic, stay alert, and let's continue building a safer future in the world of decentralized finance! ๐๐ก
