Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin By Cointelegraph
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The amount of cryptocurrency lost to “rug pull” or “exit scams” — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed.
A June 1 report from Beosin said in May total losses from rug pulls and scams reached over $45 million across six incidents.
Continue Reading on Coin Telegraph
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© Reuters.
The amount of cryptocurrency lost to “rug pull” or “exit scams” — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed.
A June 1 report from Beosin said in May total losses from rug pulls and scams reached over $45 million across six incidents.
Continue Reading on Coin Telegraph
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