The developers of the BNB Chain blockchain immediately added 191 projects to the so-called red list, which should serve as a warning to investors about possible fraud and the danger of investments.
The updated list includes projects with fake tokens, large or non-transparent withdrawal fees, or projects whose developers reported a non-existent project address on Twitter. Several projects made the list due to the fact that the funds received for the development of smart contracts came from addresses associated with the Tornado Cash mixing service. We are talking about CycGo, Piston and Shorter Finance.
The developers of BNB Chain emphasize that their red list should not be taken as an investment recommendation. Not always being included in the list really speaks of the danger to investment. However, it is one of the factors that should be taken into account when investing in projects:
“View our red list to be aware of suspicious projects based on our network.”
Earlier, financial regulators of several US states announced that they see signs of a cryptocurrency pyramid in the YieldTrust.ai project. The project is powered by BNB Smart Chain.
