BNB Chain faces $1.64 billion in losses from hacks and rug pulls, report reveals

A recent report by Immunefi, a leading bug bounty platform, reveals significant financial losses on the BNB Chain due to hacks and rug pulls. Since its launch seven years ago, the blockchain has lost approximately $1.64 billion to these fraudulent activities. Breakdown of financial losses Out of the total losses, $1.27 billion resulted from hacks,

Source: Invezz