How Scammers Are Taking Advantage of the Bull Market $XRP $SOL $GAS

The number of scams and hacks reached alarming levels in 2024. The crypto industry lost $2.3 billion, up 40% from the previous year.

Scammers are actively taking advantage of the growing number of new investors attracted by the bull market.

There have been several major scam incidents in the past month. For example, as the second season of The Squid Game was released on Netflix, the market was flooded with fraudulent tokens related to the show. This was noticed by PeckShield analysts, who quickly warned the crypto community.

Hackers also attacked users of the popular hardware crypto wallet Ledger during the holidays. Many people reported receiving phishing emails, with the help of which the attackers tried to steal recovery phrases.

In addition, unknown individuals hacked several X-accounts of influential people and large projects to promote fraudulent coins.