{"id":18058,"date":"2023-04-17T10:43:33","date_gmt":"2023-04-17T10:43:33","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/"},"modified":"2023-04-17T10:43:35","modified_gmt":"2023-04-17T10:43:35","slug":"bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/","title":{"rendered":"BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens"},"content":{"rendered":"<div data-v-2ab31f4e=\"\">\n<p>BNB Chain, the blockchain developed by crypto exchange Binance, updated its red alarm list to include 191 high-risk projects and decentralized applications (DApps) currently hosted on the blockchain.<\/p>\n<p>BNB Chain\u2019s red alarm list \u2014 updated every Friday \u2014 includes projects and DApps deemed risky investments purely based on smart contract assessment. The 191 new projects on BNB Chain that have been added to the list are either suspected of issuing fake tokens, high or opaque tax fees or simply because their websites or Twitter handles don\u2019t work.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>A snippet of the risky projects on BNB Chain. Source:\u00a0dappbay.bnbchain.org<\/em><\/figcaption><\/figure>\n<p>The above screenshot shows a portal wherein users can scan any BNB Chain projects for risks. Out of the lot, three projects \u2014 CycGo, Piston token and Shorter Finance \u2014 were flagged after being suspected of being funded by assets originating from Tornado.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/04\/bae95de9-2373-49a6-86b6-f66fcccbe5b8.png\"\/><figcaption style=\"text-align: center;\"><em>BNB Chain smart contract-based risk scanner. Source:\u00a0dappbay.bnbchain.org<\/em><\/figcaption><\/figure>\n<p>\u201cMake sure to review our weekly Red Alarm list to familiarize yourself with suspicious actors on our network,\u201d read BNB Chain\u2019s <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/1647827227210383360\" target=\"_blank\">announcement<\/a> on the matter. It is important to note that BNB Chain\u2019s proactive alert is not investment advice and does not represent the risk level of the underlying DApp projects. Instead, it is aimed at helping users in their research before making investment decisions.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>73.3% of Q1 rug pulls happened on BNB Chain: Immunefi<\/em><\/strong><\/p>\n<p>On April 10, BNB Chain began testing BNB Greenfield, an in-house attempt to deliver decentralized storage solutions. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re celebrating the BNB Greenfield testnet release!<\/p>\n<p>Read the article below, then complete the following steps and we&#8217;ll pick 5 entries to share a prize pool of $500 on April 19th.https:\/\/t.co\/O5BkyIJDSq<\/p>\n<p>\u2665\ufe0f Like <br \/>\u267b\ufe0f RT <br \/>Share your thoughts on testnet using <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/BNBGreenfield?src=hash&amp;ref_src=twsrc%5Etfw\">#BNBGreenfield<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/gmIvwCSvvB\">pic.twitter.com\/gmIvwCSvvB<\/a><\/p>\n<p>\u2014 BNB Chain (@BNBCHAIN) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/1646131245800210432?ref_src=twsrc%5Etfw\">April 12, 2023<\/a><\/p><\/blockquote>\n<p>As Cointelegraph reported, BNB Greenfield allows users to create wallets and manage data, while developers can exercise control over data assets. <\/p>\n<p><strong><em>Magazine:\u00a0Crypto audits and bug bounties are broken: Here\u2019s how to fix them<\/em><\/strong><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB Chain, the blockchain developed by crypto exchange Binance, updated its red alarm list to include 191 high-risk projects and decentralized applications (DApps) currently hosted on the blockchain. BNB Chain\u2019s red alarm list \u2014 updated every Friday \u2014 includes projects and DApps deemed risky investments purely based on smart contract assessment. The 191 new projects [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-18058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"BNB Chain, the blockchain developed by crypto exchange Binance, updated its red alarm list to include 191 high-risk projects and decentralized applications (DApps) currently hosted on the blockchain. BNB Chain\u2019s red alarm list \u2014 updated every Friday \u2014 includes projects and DApps deemed risky investments purely based on smart contract assessment. The 191 new projects [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-17T10:43:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-17T10:43:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/04\/92abbf34-b4d4-4e4d-bf77-a10e87d4fd2e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens\",\"datePublished\":\"2023-04-17T10:43:33+00:00\",\"dateModified\":\"2023-04-17T10:43:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/\"},\"wordCount\":341,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/04\/92abbf34-b4d4-4e4d-bf77-a10e87d4fd2e.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-chain-issues-list-of-191-high-risk-untrustworthy-dapps-and-fake-tokens\/\",\"name\":\"BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens | NFT &amp; 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