cryptocoin.com As we have mentioned, the crypto money market is developing day by day, but there is also an increase in large fraud cases. Especially, many of the fraud cases, which have increased recently, are made by deceiving investors with fakes of hype coins that have reached a certain popularity on blockchain networks. While the statements from the giant cryptocurrency exchange on the subject drew attention, Binance shared a list for fake altcoins on BNB Chain! Here are the details…
BNB Chain has released a list for fake altcoins! There are 191 altcoins!
As you know, BNB Chain, the blockchain of the giant cryptocurrency exchange Binance, publishes a newly updated red alert list every Friday. This red alert list contains 191 high-risk projects hosted on its blockchain at the moment. While BNB Chain recommends caution for these altcoins it publishes, the list includes projects and DApps that are considered risky investments based purely on smart contract evaluation. However, for altcoins added to the list instantly, BNB Chain suspects that it is issuing fake tokens, high or opaque data fees, websites or Twitter accounts not working.
The screenshot above shows a portal where users can scan any BNB Chain project for risks. Among them, three projects, Piston token, CycGo and Shorter Finance; Flagged on suspicion of being financed by Tornado-derived assets.
On the other hand, the announcement made by BNB Chain attracted attention. In the announcement quoted by BNB Chain, “Be sure to review our weekly red alert list to recognize suspicious protocols on our network.” used his words. However, it seems extremely important to note that this warning from BNB Chain is not investment advice and does not represent the level of risk of core DApp projects. This list of altcoins by BNB Chain is designed to help investors.
On the other hand, BNB Chain continues to come up with innovations. On April 10, BNB Chain announced that it has begun testing BNB Greenfield, an in-house initiative to build decentralized storage solutions.
Based on the data transferred, BNB Greenfield will allow users to create wallets and manage data, while developers will have control over their data assets.
Binance Coin (BNB) price status
BNB, the local coin of the giant cryptocurrency exchange Binance, has been making its investors happy for a long time. BNB, which has gained 2.5% in the last 24 hours, is instantly traded at $ 341. The project, which has gained over 9 percent in value in the last week, attracts many investors. Its market value is instantly at the level of 54 billion dollars.
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