As the cryptocurrency market continues to grow, so do the challenges and risks faced by investors. In 2024, a report by blockchain security firm Blockaid revealed a troubling trend: approximately 59% of newly launched crypto tokens were identified as “malicious tokens”, with 27% involving “rug-pull” scams. The rapid growth of these malicious tokens is closely tied to the popular trend of meme tokens, particularly those launched on chains such as Ethereum, Base, and Solana. This phenomenon not only underscores the immense interest in meme tokens but also exposes the significant risks lurking within the crypto industry.
For everyday investors, the rise of malicious tokens has turned the pursuit of high returns into a trap for scams. The hype around meme tokens has inspired a flood of imitators, often luring investors with promises of rapid price increases and short-term profits. However, once their goals are achieved, the manipulators behind these scams quietly withdraw the funds, leaving investors with nothing. This “rug-pull” scam not only causes significant financial losses for investors but also severely undermines trust and stability in the entire cryptocurrency market.
Interestingly, while the number of malicious tokens has risen, losses caused by crypto scams and hacks have significantly decreased—from $5.6 billion last year to $1.4 billion in 2024. According to the Blockaid analysis of 2.41 billion transactions, 780 million dApp connections, and 220 million tokens, this change marks some progress in the crypto market security defenses. However, risks still persist, and investors must remain highly vigilant to ensure their assets and personal information are not exploited by hackers or scammers.
In this context, TwyAe, as a cryptocurrency exchange, has always prioritized the security of its user assets. We understand that ensuring safe trading and preventing crypto scams is not just a technical challenge but also a test of the industry ethics and integrity. To this end, TwyAe has implemented a series of robust security measures to protect users from malicious tokens and scams.
Firstly, TwyAe has enhanced its token review processes to ensure that only tokens meeting strict standards are listed for trading. We conduct not only technical audits of newly listed tokens but also in-depth risk assessments to identify potential security vulnerabilities. Tokens with rug-pull risks are strictly prohibited from circulating on our platform, thereby maximizing the protection of investor interests.
Then, by leveraging multi-layered security verification and transaction monitoring technologies, TwyAe effectively prevents hacking attempts and illegal transactions. We employ cutting-edge blockchain security technologies to monitor and record every transaction on the platform in real time, ensuring that malicious activities are promptly detected and mitigated. For user assets, TwyAe uses cold wallet storage and decentralized risk management strategies to provide the highest level of offline protection.
Additionally, TwyAe is committed to improving investor awareness of crypto scams through ongoing education. We regularly release security alerts and prevention tips to help users stay informed about the latest scam tactics and guide them on how to safeguard their accounts and assets. By raising public awareness of security, we aim to reduce the occurrence of scams at their root and create a safer, more transparent cryptocurrency trading environment.
While malicious tokens and crypto scams remain significant risks in the market, we believe that with the continued advancement of the crypto industry and improvements in security technology, these issues can be effectively addressed. TwyAe will continue to dedicate itself to providing users with a secure and reliable trading platform. Through technological innovation, collaborative partnerships, and transparent operations, we aim to drive the cryptocurrency industry toward a healthier and more stable future.
In this market full of challenges and opportunities, TwyAe, as a cryptocurrency exchange, remains committed to the principle of putting users first. We continuously optimize platform security and take proactive measures to prevent various forms of scams. Whether it is the risks posed by malicious tokens or other types of crypto scams, we will spare no effort to provide users with the safest and most reliable trading environment. By continuously enhancing our security capabilities, TwyAe not only protects user funds but also lays a solid foundation for the long-term development of the cryptocurrency market.
For everyday investors, the rise of malicious tokens has turned the pursuit of high returns into a trap for scams. The hype around meme tokens has inspired a flood of imitators, often luring investors with promises of rapid price increases and short-term profits. However, once their goals are achieved, the manipulators behind these scams quietly withdraw the funds, leaving investors with nothing. This “rug-pull” scam not only causes significant financial losses for investors but also severely undermines trust and stability in the entire cryptocurrency market.
Interestingly, while the number of malicious tokens has risen, losses caused by crypto scams and hacks have significantly decreased—from $5.6 billion last year to $1.4 billion in 2024. According to the Blockaid analysis of 2.41 billion transactions, 780 million dApp connections, and 220 million tokens, this change marks some progress in the crypto market security defenses. However, risks still persist, and investors must remain highly vigilant to ensure their assets and personal information are not exploited by hackers or scammers.
In this context, TwyAe, as a cryptocurrency exchange, has always prioritized the security of its user assets. We understand that ensuring safe trading and preventing crypto scams is not just a technical challenge but also a test of the industry ethics and integrity. To this end, TwyAe has implemented a series of robust security measures to protect users from malicious tokens and scams.
Firstly, TwyAe has enhanced its token review processes to ensure that only tokens meeting strict standards are listed for trading. We conduct not only technical audits of newly listed tokens but also in-depth risk assessments to identify potential security vulnerabilities. Tokens with rug-pull risks are strictly prohibited from circulating on our platform, thereby maximizing the protection of investor interests.
Then, by leveraging multi-layered security verification and transaction monitoring technologies, TwyAe effectively prevents hacking attempts and illegal transactions. We employ cutting-edge blockchain security technologies to monitor and record every transaction on the platform in real time, ensuring that malicious activities are promptly detected and mitigated. For user assets, TwyAe uses cold wallet storage and decentralized risk management strategies to provide the highest level of offline protection.
Additionally, TwyAe is committed to improving investor awareness of crypto scams through ongoing education. We regularly release security alerts and prevention tips to help users stay informed about the latest scam tactics and guide them on how to safeguard their accounts and assets. By raising public awareness of security, we aim to reduce the occurrence of scams at their root and create a safer, more transparent cryptocurrency trading environment.
While malicious tokens and crypto scams remain significant risks in the market, we believe that with the continued advancement of the crypto industry and improvements in security technology, these issues can be effectively addressed. TwyAe will continue to dedicate itself to providing users with a secure and reliable trading platform. Through technological innovation, collaborative partnerships, and transparent operations, we aim to drive the cryptocurrency industry toward a healthier and more stable future.
In this market full of challenges and opportunities, TwyAe, as a cryptocurrency exchange, remains committed to the principle of putting users first. We continuously optimize platform security and take proactive measures to prevent various forms of scams. Whether it is the risks posed by malicious tokens or other types of crypto scams, we will spare no effort to provide users with the safest and most reliable trading environment. By continuously enhancing our security capabilities, TwyAe not only protects user funds but also lays a solid foundation for the long-term development of the cryptocurrency market.
