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DappBay: Red Alarm dApp Risk-List (Sep. 16th - Sep. 23rd)

2022.9.23 • 2 min read

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 dApps on Red Alarm for Friday 23rd September 2022 feature a high number of high-risk tokens pretending to be original projects including Witcher, Goldfin, Airdrop Innovation, Prosper, Hacken Token, Loom Network, Binance USD, ERC20, Chiliz, USD Coin, and KardiaChain.

Sr. No.	dApp Name	Level of Risk	Risk Description
1	Witcher	High-Risk	1. Website is abandoned 2. High trade tax
2	Goldfin	High-Risk	1. Website URL directories do not work 2. 99% of the token is controlled by top owner
3	Airdrop Innovation	High-Risk	1. Website is abandoned
4	Prosper (Pros)	High-Risk	1. Fake token pretending to be Prosper
5	Hacken Token (HAI)	High-Risk	1. Fake token pretending to be Hacken
6	Loom Network	High-Risk	1. Fake token pretending to be Loom Network
7	Binance USD	High-Risk	1. Fake token pretending to be BUSD
8	ERC20	High-Risk	1. Fake token pretending to be ERC20
9	Chiliz (CHZ)	High-Risk	1. Fake token pretending to be Chiliz
10	USD Coin	High-Risk	1. Fake token pretending to be USDC
11	KardiaChain	High-Risk	1. Fake token pretending to be KardiaChain

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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