BNB Smart Chain scam losses dropped 75% in Q3: Report By Cointelegraph

Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter,ethereum research according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams.

According to the security firm’s analysis, the drop can be attributed to various factors, including an increase in overall awareness among community members, an uptrend in security products flagging malicious websites and activities, and community members identifying scams early and giving warnings before the scammers can succeed.