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76% of Ethereum Tokens Launched in Last 2 Months Are Scams

New research reveals alarming rise in crypto fraud activities.

Ethereum1 min

1Alarming Rise in Scam Rates

A study found that 76% of tokens launched on Ethereum in the last two months were scams, with the rate reaching 82.8% in July. The research analyzed 78,723 token contracts, exposing serious security issues in the crypto ecosystem.

2Worsening Situation Over Time

The overall scam rate has increased from 46% in May to 59.8% today. This rise is attributed to both more fraudulent attempts and improved detection algorithms. The average number of scam flags per contract increased from 8.27 to 11.06.

3Diverse Fraud Techniques

Researchers identified new scam methods including serial scammer bytecodes, drainer kits, and hidden kill-switches. About 30% of tokens initially appear legitimate but later turn out to be scams.

4Disturbing Victim Statistics

The study identified 441,762 unique victim wallets across 5.26 million scam transactions. These numbers demonstrate the significant risks crypto investors face as scammers develop increasingly sophisticated methods.

5Improvements in Detection Systems

Researchers continuously update fraud detection systems. New algorithms enable earlier identification of scam tokens, but this also prompts scammers to constantly refine their techniques.

6Critical Warning for Investors

These findings serve as a serious warning for crypto investors. Comprehensive research and using reliable sources are essential before investing in new tokens. The industry urgently needs stronger regulatory mechanisms.

Original article: Ethereum — Son 2 Ayda Çıkan Ethereum Tokenlarının %76'sı Dolandırıcılık