7 Fraud Detected on IDO Platform

PeckShield has detected that the 7 IDO platforms are “rug pull”.

PeckShield, who works in the field of vulnerability analysis, malware defense, shared by his Twitter account, GOTEM(gotEM),ONEP (HarmonyPad), HBARP (HbarPad), MPLAY (MetaPlay), ELITE (Electrinity), PEE (MicroPee) and QDrop by (QuizDrop) projects of 5,744 WBNB (approximately $2.6 million) It was reported to have been stolen using the “rugpull” method.

The stolen WBNBs were transferred to Tornado Cash (TORN).

The phenomenon of people who produce crypto money, after attracting the buyer by raising the value of the token, stopping the trading operations and running away with the money they have earned is called “rugpull”. This is happening all the time on decentralized exchanges.

New York-based analytics firm Chainalysis is investigating crypto-related crimes. in 2021 reached a new high and 14 billion, up 79% announced the increase in dollars.

Cryptocurrency theft 516% compared to 2020common 3.2 billion dollars reached was detected. Its 2.2 billion dollars so about 72% of Decentralized finance (DeFi) platforms.

chainalysis December 2021 In the report he shared on his blog in May, at least 10 billion dollars He announced that he owns cryptocurrencies worth of money.

Also, the Chainalysis report states, “Decentralized exchanges are seen as a huge opportunity by scammers as many investors are inexperienced.” said

It is stated that there are too many “rugpull” events in the crypto money markets.

It is thought that with the crypto money bill that Turkey will bring, it is planned to prevent such grievances.

source site-9