According to a report from security company HashDit, as reported, scams on the Binance Smart Chain (BSC) decreased from $55.4 million in Q2 2023 to $13.6 million in Q3, a 75% decrease in losses. The company attributes this drop to a variety of factors, including increased awareness among community members, the rise of security products that identify malicious websites and activities, and community members detecting scams early and issuing warnings before scammers can take advantage.
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