Between Q1 and Q2 of this year, the number of phishing assaults increased, with CertiK recording 290 in the most recent quarter compared to 106 in the first three months of the year. Despite persistent security concerns, Discord remained the vector for the great majority of phishing attempts, indicating its continued appeal as the social network of choice for the cryptocurrency and NFT community.
In slightly better news, so-called “rug pulls,” in which project founders halt work and disappear with the funds, are becoming less prevalent, though tens of millions of dollars are still squandered in this manner. CertiK discovered that a total of $37.46 million was lost to rug pulls in the second quarter of this year, a decrease of 16.5 percent from the previous quarter. However, the report attributes much of this decrease to the current crypto winter, which may be driving away less experienced investors who are more likely to be duped by scam projects.
