Blockchain Security Firm Discovers 50 Potential Scam Tokens That Might Be Rugged Any Second

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Blockchain Security Firm Discovers 50 Potential Scam Tokens That Might Be Rugged Any Second
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A list of tokens with rug potential has been released by industry-leading blockchain security firm PeckShieldAlert

How can scammers steal users' funds? industry, scammers have started to use the carelessness of some users to steal their tokens or coins by changing various pieces of code in standard—at first glance—smart contracts that allow them to gain access to wallets, transactions or everything at the same time.

As PeckShield notes, one of the most popular ways of stealing funds is a piece of code that allowed developers to mint an indefinite number of tokens. By executing a command from a genesis address, developers release and send themselves a large number of tokens and then sell them on decentralized exchanges.

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