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NEWS Web3 sees 15 new scam smart contracts an hour: Solidus Labs

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The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on average 15 newly deployed scams every hour. Solidus Labs said on Oct. 27 that it had been monitoring 12 blockchains including Ethereum (ETH), Polygon (MATIC), and BNB Chain (BNB) since Oct. 10 and in that time had detected 188,525 smart contract scams. Former United States Consumer Financial Protection Bureau (CFPB) director, Kathy Kraninger, who is now Solidus’ VP of regulatory affairs, said in the statement that ...

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