🚀 The crypto market reaches $3.89T, but DeFi is facing an increasingly complex rug pull crisis!

- On November 14th, there were 31 rug pull incidents, causing $15M in losses per month. Scammers are becoming more sophisticated with multi-wallet strategies.

- "Honeypot token" is the most common trick, appearing in over 5,688 tokens since November.

- Scammers use professional marketing strategies to create fake tokens for deception.

🔍 Prevention & Community Protection:

- Anaxi Labs & CyLab are developing algorithms to enhance blockchain security.

- GoPlus introduces SafeToken Protocol, minimizing rug pulls through malicious code.

- Crypto wallets should use automatic scanning tools when interacting with contracts.

💡 Identifying signs of a rug pull:

- High token concentration and low liquidity are warning signs.

- Tools like Etherscan and Token Sniffer help detect fraudulent projects.

Let's discuss more about how to protect yourself from rug pulls in the comments! 💬