.Solidus_Labs revealed that 8% of all Ethereum tokens are programmed to execute rug pulls. Meanwhile, $BTC and $ETH traded sideways. _jocelynyang_ reports
fraudsters deployed over 117,000 scam tokens8% of all Ethereum tokens are programmed to executeAccording to Solidus Labs, many of the scammers behind these tokens use crypto-to-fiat exchanges to both seed their scams and launder their proceeds.
The scam tokens deployed in 2022 brings the total since September 2020 to more than 200,000, based on the tally by Solidus Labs. Almost 2 million investors have lost funds to rug pull tokens.
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