Rug Pull

Report: The number of "Rug Pull" incidents in the cryptocurrency sector has decreased, with only 7 cases reported from 2025 to present

ChainCatcher news, according to a report by Cointelegraph, based on the latest report from the blockchain analysis platform DappRadar, there were 21 "Rug Pull" incidents at the beginning of 2024, while there have only been 7 incidents so far in 2025, indicating a yearly decline in their frequency. However, since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion due to such incidents, with 92% attributed to the collapse of Mantra's OM token (the token's founder denies this was a "Rug Pull"). In contrast, the total losses from "Rug Pull" incidents during the same period in 2024 were $90 million.DappRadar analyst Sara Gherghelas pointed out that although the frequency of such incidents has decreased, their destructiveness has increased, and the scams have become more complex, often orchestrated by professional teams. The nature of these incidents is also evolving; in the first quarter of 2024, many originated from DeFi protocols, NFT projects, and Meme coins, while in the same period of 2025, they mostly occurred in the Meme coin sector. Gherghelas also warned that a sudden surge in the number of unique active wallets, high transaction volumes but low user activity, unverified smart contracts, limited GitHub activity, anonymous developer teams, or projects with sudden spikes in DApp activity could all be warning signs of a "Rug Pull."

OKLink Security Monthly Report: Zero major Rug Pull incidents in November, with total losses across the network amounting to approximately 203 million USD

OKLink released the November 2024 Security Report, which indicates that on-chain security incidents across the network have resulted in a total loss of approximately $203 million. Phishing scams alone accounted for 64.80% of the total losses, amounting to about $131 million, with no significant Rug Pull incidents reported. REKT incidents accounted for 22.06% of the losses, totaling approximately $45 million.On November 13, a user copied an incorrect address from contaminated transaction history, resulting in a loss of $129 million. An hour later, the attacker returned all the assets. On November 15, the v1 liquidity pool contract of the Aptos ecosystem project Thala was attacked due to a security vulnerability, causing a loss of $25.5 million. Subsequently, Thala negotiated with the attacker to recover all user assets through a $300,000 bounty.OKLink reminds everyone to carefully verify the receiving address when performing on-chain operations. Some users have lost over $100 million by copying incorrect addresses from contaminated transaction records. It is essential to double-check the recipient's address when conducting on-chain operations and avoid the habit of directly copying addresses from transaction records or chat logs. Additionally, learn to use Web3 on-chain tools to mitigate risks. OKLink provides tools for on-chain address queries, token authorization checks, and large transfer monitoring, ensuring on-chain security and keeping you informed of market trends, helping you overcome on-chain anxiety.
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