Half of Solana Pre-Sales Are Scams, Blockaid Says
Summary
Blockchain security firm Blockaid reported that 50% of recent pre-sale token launches on Solana have been malicious. Scammers have used social engineering techniques on platforms like Telegram, Twitter, and Discord to trick users into interacting with malicious smart contracts or websites. These scams target both memecoins and existing projects. Last month, investors sent around $100 million worth of crypto tokens to various pre-sales, mainly on Solana, over a weekend. The ease of conducting a pre-sale and the fear of missing out among investors have led to a significant increase in scams. The excitement around memecoins has made users more susceptible to interacting with malicious actors.
