News Explorer — Beosin Reported May 'Rug Pull' Losses of $45M

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Jun 2, 11:17 am

Cointelegraph

Beosin Reported May 'Rug Pull' Losses of $45M

Beosin's June 1 report revealed that in May, losses from rug pulls and scams exceeded those from DeFi projects, amounting to over $45 million. The largest of the rug pulls was Fintoch's alleged $32 million, while the largest attack on DeFi was Jimbos protocol's $7.5 million. Beosin advised users to raise their anti-fraud awareness, do due diligence, and safeguard their crypto. It also warned against using public charging devices, echoing the FBI's April warning.

Beosin's June 1 report revealed that in May, losses from rug pulls and scams exceeded those from DeFi projects, amounting to over $45 million. The largest of the rug pulls was Fintoch's alleged $32 million, while the largest attack on DeFi was Jimbos protocol's $7.5 million. Beosin advised users to raise their anti-fraud awareness, do due diligence, and safeguard their crypto. It also warned against using public charging devices, echoing the FBI's April warning.

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