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Sandeep Kumar Mishra
Apr 17, 2023
by Sandeep Kumar Mishra

191 High-Risk, Untrustworthy DApps And Fake Tokens Listed By BNB Chain

Fake Tokens BNB Chain
BNB Chain, the blockchain created by crypto trade Binance, refreshed its red caution rundown to incorporate 191 high-risk projects, fake tokens, and decentralized applications (DApps) presently facilitated on the blockchain.

High-Risk Projects & Fake Tokens Listed On BNB Chain 

BNB Chain’s red alarm list — updated every Friday — includes projects and DApps deemed risky investments purely based on smart contract assessment. The 191 new projects on BNB Chain that have been added to the list are either suspected of issuing fake tokens, high or opaque tax fees, or simply because their websites or Twitter handles don’t work.

Fake Tokens BNB Chain

The portal depicted in the above screenshot allows users to scan BNB Chain projects for potential risks. Among the projects scanned, three - CycGo, Piston Token, and Shorter Finance - were identified as having potential funding links to Tornado-originating assets and thus were flagged as suspicious.

BNB Chain's Proactive Alert Not An Investment Advice 

It is essential to keep in mind that BNB Chain's proactive alert is not investment advice and does not accurately reflect the level of risk associated with the DApp projects that underpin it. Instead, it aims to assist users in their research prior to making decisions regarding investments.

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BNB Chain
191 High-Risk, Untrustworthy DApps And Fake Tokens Listed By BNB Chain
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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