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BNB Chain updates list of high-risk Web3 projects

BNB Chain updates list of high-risk Web3 projects

BNB Chain developers expanded the list of Web3-projects by 191 points.

Your security is a top priority ?

Make sure to review our weekly Red Alarm list to familiarize yourself with suspicious actors on our network.

This week’s list includes Pinaki, Elvantis, Leech Protocol, Streamflow, OnlyBrain, XOP Project and more.https://t.co/pp0QSGpbqW

— BNB Chain (@BNBCHAIN) April 17, 2023

The message urged readers to review the weekly Red Alarm list to familiarize themselves with suspicious projects on our network.

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The list of dangerous apps and tokens is updated every Friday. It includes projects suspected of issuing counterfeit coins, charging high or opaque fees, or lacking activity on their website or Twitter account.

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Also BNB Chain marks dapps that transacted through Tornado Cash.

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Among the ‘newcomers’ on the list were Yeetoshi Minter Machina, LZ Swap, Expert Doge, Cash Cow Farm, Angel Nodes, Pinaki, Elvantis, Leech Protocol, Streamflow, OnlyBrain, BNB Daily Finance, XOP Project, TradeTogether, The Cake Monster.

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The project team reminded users that they can independently check protocols on the DappBay portal with the help of the ‘risk scanner’.

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In the first quarter of 2023, blockchain projects lost more than $320 million as a result of hacks and fraud, according to CertiK. The most attacked network was BNB Chain, where 139 incidents were identified.

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