Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

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Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
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Rug pulls seemed to be the flavor of the month in May, with Beosin highlighting crypto exit scammers gained $45 million last month.

Related:“Hackers and scammers are gradually shifting the target of their attacks from various project parties to ordinary users,” Beosin wrote.

It recommended crypto users “raise their anti-fraud awareness,” undertake due diligence on a project before investing and learn how to better safeguard their crypto. Beosin also warned against using shared or public charging devices for mobile phones as these could potentially be modified to inject malicious programs that could compromise private keys.

In April, the United States Federal Bureau of Investigation issued a similar warning the use of free charging stations such as those found at airports should be avoided. Avoid using free charging stations in airports, hotels or shopping centers. Bad actors have figured out ways to use public USB ports to introduce malware and monitoring software onto devices. Carry your own charger and USB cord and use an electrical outlet instead.

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