More Than Half of Crypto Tokens Debuted in 2024 Were Malicious: Blockaid

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EMBARGOED UNTIL 19 DECEMBER 2024 @ 9:00 AM ET Blockchain security firm Blockaid said a full 59% of crypto tokens introduced this year were "malicious in nature." The number of nefarious tokens being sold into the open market ties in with the rising memecoin narrative that has been consistent throughout this cycle. There are now 10 memecoins with a market cap of $1 billion or greater and this relative success has led to copycat tokens being launched on Ethereum, Base and Solana among other chains...