Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list
Cointelegraph
Published Aug 15, 2022 08:51AM ET
Updated Aug 15, 2022 10:40AM ET
BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto spin-offs resembling Dogecoin (DOGE) and Binance and others dedicated to pandas, cyborgs and koalas made the list as untrustworthy and high-risk projects.
BNB Chain’s Red Alarm (NASDAQ:ALRM) feature, which was implemented to protect investors from potential rug pulls and scams, flagged projects based on two main criteria — if the contract performs differently from what the project owners advertised or if the contract shows risks that might influence users' funds.
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Written By: Cointelegraph
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