Blockchain security company De.Fi: In May, losses from rug pulls and scams exceeded $54 million, about half of the losses in April

ChainCatcher news, according to CoinDesk, a new report from blockchain security company De.Fi shows that in May 2023, losses due to rug pulls and scams exceeded $54 million. This amount is about half of the $101.5 million loss in April, indicating that users and developers have taken better security measures. However, no people or funds were recovered in May, while $2.2 million was recovered in April. Ten BNB Chain ecosystem projects were attacked, resulting in losses of over $37 million, while projects on Ethereum were attacked the least, just slightly above $2 million. Among the top 10 cases, Fintoch suffered the highest loss of $31.7 million due to a smart contract vulnerability. Due to a rug pull, Jimbo Protocol on Arbitrum lost $7.5 million, and Deus Finance on BNB Chain lost $6.2 million due to a smart contract vulnerability.

There were 12 rug pull incidents with a total loss of $37 million, 9 vulnerability attacks caused losses of $8.8 million, 5 flash loan attacks caused losses of $8.9 million, and there were 2 exit scams with a loss of $177,000. (source link)