Red Alarm flags hundreds of risky dapps on BNB Chain
DappBay, a web3 dApp store for users on the BNB Chain, has flagged over 100 risky decentralized applications ( dapps ) in its recent update. BNB Chain shared the findings on X (formerly Twitter). See below. DappBay's Red Alarm identified +100 risky dApps this week! They include: Genesis Universe, AIRDROP HUNTER DeXe DAO Studio, Web3 Pilot, Quick Pay, Silo and Crystal. Check out the entire list here and stay safe!https://t.co/dsAe37Ijnh pic.twitter.com/BFGEYsGinH — BNB Chain (@BNBCHAIN) November 25, 2023 BNB Chain launched DappBay in July 2022, allowing users to discover new web3 projects while being kept abreast of their risk levels in real-time. At the heart of DappBay is its Red Alarm component, a risk screening tool that can help identify possible rug pulls and scam projects by checking logic flaws or fraud risks in smart contracts. This tool regularly updates its list with dapps and smart contracts that have been assessed as scams or deemed to carry an extr...