{"id":24077,"date":"2023-10-25T08:37:06","date_gmt":"2023-10-25T08:37:06","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/85-of-crypto-rug-pulls-in-q3-didnt-report-audits-hacken\/"},"modified":"2023-10-25T08:37:09","modified_gmt":"2023-10-25T08:37:09","slug":"85-of-crypto-rug-pulls-in-q3-didnt-report-audits-hacken","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/85-of-crypto-rug-pulls-in-q3-didnt-report-audits-hacken\/","title":{"rendered":"85% of crypto rug pulls in Q3 didn\u2019t report audits: Hacken"},"content":{"rendered":"
Cryptocurrency rug pulls are not too difficult to spot by investors, as the majority of such scams usually share distinct and visible features, according to a new report.<\/p>\n
Blockchain security auditor Hacken released its latest security insights report on Oct. 25, aiming to spot the trends in Q3 crypto hacks and evaluate how affected projects approached security.<\/p>\n
The report paid specific attention to rug pulls, which are a type of exit scam occurring when a team pumps their project\u2019s token before the sudden withdrawal of liquidity. According to Hacken, crypto rug pulls made up the largest amount of exploits in crypto, accounting for more than 65% of all hacks in Q3 2023.<\/p>\n