An Immunefi analyst told Decrypt that bad actors target blockchains where “more funds are at stake and the activity is high.”
16/10/2023
Airdrop farming hype across “new networks and token releases” has also made these new chains “prime targets” for “fraudulent schemes such as rug pulls,” Immunefi analysts added.
Airdrop farming is a strategy used by crypto users to receive tokens from a new blockchain or application, distributed to community members retroactively.
A rug pull is a scam event where a team developing or managing a project steals users' funds deposited into the project’s liquidity pools.
The number of incidents rose from 63 in the last quarter and 73 in Q1 to 76 independent incidents in Q3 2023.
Source
https://decrypt.co/199728/investors-lost-686-million-last-quarter-to-hacks-fraud-immunefi
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