Crytocurrency

Every hour, 15 new scam smart contracts are reported to Web3 by Solidus Labs.

Smart contract scams are becoming more and more common on Web3 and in the cryptocurrency space. Blockchain risk monitoring firm Solidus Labs says it finds an average of 15 new scams every hour.

Solidus Labs said on October 27 that since October 10, when it started watching 12 blockchains like Ethereum, Polygon, and BNB Chain, it had found 188,525 smart contract scams.

Related: Bitcoin’s declining popularity is a big bet. Medha Singh, Lisa Pauline Mattackal

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