The security alarm in the blockchain world has sounded again! According to the latest report by blockchain security company Blockaid, 59% of newly issued tokens in 2024 are considered to have malicious nature, with 27% involving rug-pull scams. 😱

However, the good news is that Blockaid's on-chain detection and response (ODR) platform shows that losses from cryptocurrency hacks and scams in 2024 have significantly decreased to only $1.4 billion. In contrast, the FBI reported losses of up to $5.6 billion in 2023, making this decrease quite reassuring. 📉

In this volatile market, staying vigilant and investing rationally remains key. 🔍