BNB Chain's Red Alarm Security Tool Has Been Live Since 2022

BNB Chain’s Red Alarm tool went live July 4, 2022, at 2 a.m. ET (06:00 UTC), initially listing 27 high-risk projects. Red Alarm lists projects and contracts flagged as high risk. Users can also scan smart contracts or wallet addresses for risk levels. By Aug. 15, 2022, the tool had scanned more than 3,300 contracts in recent weeks and listed more than 50 flagged projects. Those figures describe the 2022 update and are not current totals. The list is not exhaustive. A project’s absence from it does not mean the project is recommended, vetted or endorsed. Red Alarm’s assessments are indicative guidance to help users identify projects that may pose high risk. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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