ImmuneFi Report Reveals BNB Chain as the Home for Rug Pulls

ImmuneFi’s recent report stated that the Binance-launched BNB Chain has witnessed over $1.6 billion in the previous four years since its launch in 2020. 23% of those losses, or $368 million, occurred due to rug pulls, putting BNB Chain ahead of all other blockchains in terms of rug pulls. For instance, Ethereum has reported $3.6 billion in losses since its inception, while only 4.4%, or $158 million, was attributed to rug pulls.

Rug pulls occur when shady developers launch tokens and sell them to users with guarantees of building promising utility but abandon development after receiving the desired funds from unsuspecting investors. Resultingly, the developers walk away with free money while users have the rug pulled from under them, leaving them with worthless tokens.

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Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period

Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.

To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.

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