$1.64 billion has been lost on BNB Chain due to hacks and rug pulls since 2017. Rug pulls caused losses of $368 million, making BNB Chain a prime target for malicious token launches. According to Immunefi's report, BNB Chain maintains its title as the "preferred target for rug pulls".🎯🔓
In 2023 and 2024, losses tapered after a series of hard forks to address vulnerabilities of the network. However, BNB Chain remains the most common blockchain for rug pulls, as the community is often attracted by “quick money” means.
Ethereum, the second largest blockchain and largest smart contract platform, suffered losses of $3.6 billion, but only 4.4% of this was due to rug pulls.
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