AvengerDAO Weekly Security Report

Security Incidents

HashDit, an industry-leading blockchain security company specializing in building a safe ecosystem for protocol users and smart contract developers on BNB Chain, serves as a member of AvengerDAO. In recent weekly security analyses, HashDit's comprehensive monitoring identified multiple security incidents affecting the BNB Chain ecosystem. These incidents were classified into two primary categories: rug pulls—a form of fraud where project developers abandon the project and take investors' funds—and hacks, representing unauthorized access to smart contracts or protocols.

The security breaches resulted in significant financial losses for affected users. Notable incidents included fraudulent token schemes resulting in substantial losses, followed by various other compromised projects with significant financial impact. These incidents underscore the critical importance of due diligence and security awareness within the blockchain community. MEV bot vulnerabilities and open approval exploits also contributed to additional losses, demonstrating that security threats extend beyond traditional rug pull schemes.

Lessons Learned

Identifying and avoiding rugpull projects requires awareness of common tactics and red flags. First, rugpull projects frequently capitalize on trending topics and viral moments to gain attention. Numerous copycat projects emerge using identical or similar token names and symbols to deceive unsuspecting users into purchasing fraudulent tokens. Users should always verify the official token address on reputable platforms such as CoinMarketCap before making any investment decisions.

Second, project centralization represents a substantial risk factor for investors. Beyond basic indicators, a critical warning sign is when project developers maintain multiple privileged roles within the smart contract. Even if ownership is officially renounced, developers may retain alternative administrative roles that grant them the ability to execute a rugpull at any time. To mitigate this risk, users can utilize DappBay's Risk Scanner tool to identify and evaluate such centralization vulnerabilities, including addresses like 0x4d1e90ab966ae26c778b2f9f365aa40abb13f53c, before engaging with a project.

Red Alarm Weekly Highlights

AvengerDAO maintains a comprehensive database of high-risk projects and addresses, publishing updated risk assessments on DappBay Red Alarm on a regular basis. This systematic approach enables the community to stay informed about emerging threats and malicious actors within the BNB Chain ecosystem.

During recent reporting periods, several new high-risk dApp projects were identified across multiple categories. Ponzi or potential Ponzi schemes—which typically lure investors with promises of unrealistic returns—have been documented. Phishing dApps, designed to deceive users into revealing private keys or authorizing unauthorized transactions, continue to pose significant risks.

AvengerDAO members provide specialized APIs that enable users to assess contract security and evaluate address-specific risks before interaction. These tools allow community members to perform thorough due diligence, particularly when receiving airdrops or considering new smart contract investments. Regular scans have identified multiple high-risk addresses, with varying levels of suspicious activity across different addresses in the ecosystem.

Stay Safe - DYOR (Do Your Own Research)

Conducting thorough independent research is essential for protecting investments and identifying legitimate opportunities within the cryptocurrency space. The BNB Chain community has developed comprehensive guides to help users identify and avoid scam projects. Several best practices should guide this research process.

First, users should not rely exclusively on social media channels and forums for investment information, as these platforms are frequently used for promoting fraudulent projects. Before interacting with any project, users should search for it on DappBay's Red Alarm to identify any known risks or warnings.

Second, a comprehensive DYOR process encompasses multiple research dimensions: studying the project's whitepaper to understand its technical foundation and goals, examining its codebase for security vulnerabilities and suspicious patterns, engaging directly with the community to assess legitimacy and transparency, and evaluating its market potential and competitive positioning. Third, users should leverage reliable research tools and sources including CoinGecko for market data, CoinMarketCap for token verification, blockchain explorers for transaction analysis, reputable news outlets for context, official project websites and technical documentation, and academic research on blockchain security.

Protecting investments from scammers requires the same diligence as identifying promising projects. Users should maintain a cautious approach and err on the side of caution when facing uncertainty or incomplete information.

Conclusion

AvengerDAO represents a vital community-driven initiative dedicated to protecting BNB Chain users from exploitation, scams, and malicious actors. As a major public blockchain ecosystem, BNB Chain bears a significant responsibility to maintain security standards and user protection. Through systematic identification of high-risk projects, comprehensive security analysis, and community education, AvengerDAO works to enhance ecosystem safety and promote industry-wide best practices. By combining automated risk detection tools with community vigilance and individual due diligence, users can navigate the BNB Chain ecosystem with greater confidence and security awareness.

FAQ

How to claim tokens via contract?

To claim tokens via contract, locate the claim function in your transaction history, then execute the claim method directly from the smart contract interface. Ensure you have sufficient gas fees.

What is the purpose of contract address 0x4d1e90ab966ae26c778b2f9f365aa40abb13f53c?

This BEP-20 token powers STA, a blockchain-based operating system enabling users to build and deploy decentralized applications with enhanced security and interoperability features.

How to interact with this smart contract?

Use Web3 wallet like MetaMask to connect. Call contract functions via blockchain explorer or Web3 libraries like Ethers.js. Send transactions for write operations or query data for read operations directly from the contract address.

What token does this contract address represent?

This contract address represents a specific token deployed on the blockchain. Each token has a unique contract address that defines its smart contract properties, supply, and functionality. To identify the exact token, check the blockchain explorer or review the contract details on the token's official information page.

Is this contract address safe and verified?

Verify the contract on a block explorer to check its transaction history and interactions. Legitimate contracts typically show consistent activity and transparent code. Always review the contract address carefully before engaging to ensure authenticity.