DappBay: Red Alarm dApp Risk-List (Oct. 14th - Oct. 21st)

Disclaimer: The information provided through the BNB Chain community does not constitute advice or recommendation for investment or trading. Projects are listed in no particular order below. BNB Chain does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.

The Red Alarm list highlights risky dApps on BNB Chain. The dApps on the Red Alarm list are assigned a significant or high-risk level and range from rug pulls to scams.

In most cases, a risky dApp’s contract performs differently from what the dApp advertises. When dApp users interact with risky contracts, they are at risk of losing all their funds.

The Red Alarm list is updated every Friday on DappBay to include new risky projects and decentralized applications. With an increasing number of dApps on the Red Alarm list, users can sort dApps by category, date listed on Red Alarm, and highest number of users.

The list of Red Alarm dApps and risk detail for Friday 21st October 2022 feature 13 dApps across DeFi, gambling, and gaming including Division Network, Encentive, FBBank, Slavi, Mechcraft, Gamamobi, LotZed, Britishcoin GBPC, Tazor Finance, BohrChain, BRLDigital, LuckyBuy, and Lend.

Additionally, 6 fake tokens were identified posing as original projects including fake versions of Polkadot, LTO Network, Uniswap, Lunar, and TiFi Token.

We advise you to act with caution in general, but ask that you to take particular care when dealing with the projects we highlight as risky on our weekly update. We want you to continue enjoying our ecosystem and most importantly, stay SAFU!

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