According to CoinDesk, since the creation of the BNB chain in 2017, a whopping $1.64 billion has been lost to hacks and rug pulls. Of that, $368 million was attributed to rug pulls, making it a prime target for issuing malicious tokens. In 2023 and 2024, losses were reduced due to a series of hard forks to address vulnerabilities in the network. According to a report from bug bounty platform Immunefi, the BNB chain remains the "preferred target for rug pulls." The report evaluated 228 rug pull cases totaling $368 million, the largest of which was a $40 million rug pull by DeFiAI in November 2022. In contrast, Ethereum, the second-largest blockchain and largest smart contract platform, has lost a cumulative $3.6 billion, but only 4.4% of that was attributed to rug pulls. However, losses fell last year after the ZhangHeng, Plato, and Hertz hard forks. This year's losses have been further reduced, to just $38 million so far.