In yet another concerning development, the prominent blockchain security firm, Peckshield, revealed looking into more than 50 potentially dubious projects on Binance Smart Chain(BSC).
Rug Potentials on Binance Smart Chain
Rug pulls were a frequent occurrence in the crypto space in 2021. In this kind of scam, developers of a DeFi project abandon it unexpectedly and siphon off with user funds. Binance Smart Chain was one of the badly hit DeFi platforms which lured numerous malicious actors since its inception.
In the latest development, Peckshield revealed detecting more than 50 tokens with “rug-potentials” on BSC. The blockchain security company alerted the community that the admins behind the mentioned tokens can potentially mint unlimited tokens, restrict users from selling the coins and even blacklist any accounts.
The tokens at risk, as mentioned on Peckshield’s list, are operated by anonymous teams, and…