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RE: Daily Crypto Markets Live Blog: Happy Bitcoin Legal Tender Day (09/07/21)

in LeoFinance3 years ago

It's true that rug pulls can happen in any token. But are some development platforms more susceptible to them than others?

The complaint in the post is about ERC20 tokens, but it's also true that Ethereum is the largest of the development platforms. More opportunities for mischief. Had Binance been the largest development platform at the time, maybe the complaint would be about BEP2/BEP20 tokens. Size matters in crypto as much as it matters in relations.

DYOR is fundamental any time we want to invest in a crypto, even a shitcoin.

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Poly had a number of hacks too, didnt they? I am not sure of the chain...was it Polygon?

I know there was one hit like 3 times in a week or 10 days.

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Yea they had

And also ThorChain had a few in a very short time.

It could also be the case that hacks on Ethereum make more news but I think, as you said, they can happen on every platform if the devs are sloppy

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