PANews reported on December 20 that a report by blockchain security company Blockaid showed that about 59% of the crypto tokens launched in 2024 were identified as "malicious tokens". Among them, 27% involved "rug-pull" scams. The growth of these malicious tokens is related to the trend of Meme tokens, which are highly sought after in the market. Currently, there are 10 Meme tokens with a market value of more than 1 billion US dollars, attracting a large number of imitators to release similar tokens on chains such as Ethereum, Base and Solana.
Despite this, losses from crypto scams and hacks are expected to drop significantly from $5.6 billion last year to $1.4 billion in 2024. The data is based on an analysis of 2.41 billion transactions, 780 million dApp connections, and 220 million tokens by Blockaid’s on-chain detection and response platform.
