Data: Fraudsters Deployed over 117,000 Scam Tokens from Jan. 1 to Dec. 1, 2022, a 41% Increase over the Full 2021

A new report from blockchain risk monitoring firm Solidus Labs shows that fraudsters deployed over 117,000 scam tokens from Jan. 1 to Dec. 1, 2022, a 41% increase over the full 2021.

The study also revealed that 8% of all Ethereum tokens are programmed to execute rug pulls, while 12% of all BNB Chain tokens are alleged to be scams.

In addition, The scam tokens deployed in 2022 brings the total since September 2020 to more than 200,000, based on the tally by Solidus Labs. Almost 2 million investors have lost funds to rug pull tokens.