Rug pulls made up over 54% of all newly detected crypto scams, according to the latest data from the on-chain security analysis platform Web3 Antivirus.

The findings suggest that while scam tactics are still evolving, many attackers continue to rely on token projects that appear legitimate at first before contract controls are used to trap investors or drain liquidity.

Rug Pulls Are the Biggest Threat

In a June 9 breakdown on X, Web3 Antivirus also noted that honeypots, a different but related trick, came in second at around 22%, followed by fake tokens at roughly 12% and scam airdrops at just under 12%.

The mechanics behind rug pulls are what make these schemes so effective. As the security firm reported, they are created in…