The Web3 landscape is increasingly plagued by scams and fraudulent tokens, with the FBI reporting $9.3 billion stolen in the U.S. in 2024. Scammers employ advanced tactics like smart-contract exploits and fake token airdrops, targeting even experienced traders. For instance, 'honeypot' tokens attract buyers with high returns but prevent withdrawals. Token impersonation is another threat, where criminals create counterfeit coins resembling legitimate ones, leading to 'address-poisoning' scams. Approximately 43% of new crypto scams involve rug pulls, while one-third are honeypots. To combat these risks, projects are integrating security measures into their protocols. A notable collaboration is between Web3 Antivirus (W3A) and DeFi aggregator 1inch, enhancing its real-time token and transaction scanner. This integration allows W3A to assess every contract and address, alerting users to potential scams before transactions are finalized. The partnership exemplifies a growing trend in DeFi, where threat detection is becoming essential infrastructure, ensuring user safety and regulatory compliance. Read more AI-generated news on: https://app.chaingpt.org/news