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Rug pulls largely dominate, followed by honeypots

Rug pulls largely dominate, followed by honeypots


13h05 ▪
4
min read ▪ by
Fenelon L.

Summarize this article with:

According to the latest data from Web3 Antivirus, rug pulls account for 54% of all crypto scams detected to date. Behind their façade of promising projects, these scams rely on hidden contractual mechanisms, activated once investors are trapped. AI now amplifies the phenomenon: distribution channels multiply, targeting becomes more precise.

Panicked investors take a nosedive when a scammer suddenly pulls the rug out from under them, illustrating the pervasive threat of crypto rug pulls.Panicked investors take a nosedive when a scammer suddenly pulls the rug out from under them, illustrating the pervasive threat of crypto rug pulls.

In brief

  • Rug pulls make up 54% of crypto scams according to Web3 Antivirus, ahead of honeypots (22%) and fake…

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