The Binance crypto exchange’s BNB Chain has updated its red alarm list to include 191 high-risk decentralized applications (DApps) and projects hosted on the blockchain. The list identifies projects and DApps that are considered risky solely through smart contract evaluation. The list is refreshed every Friday, and the newly added projects are suspected of issuing fake tokens, high or opaque tax fees, or simply having non-functioning websites or Twitter handles. However, it is essential to note that the alert from BNB Chain should not be considered as investment advice and is not indicative of the risk associated with the underlying DApp projects. The purpose of the alert is to assist users in their research before making investment decisions.
Additionally, BNB Chain has launched BNB Greenfield, which provides decentralized storage solutions. It is important to be cautious while investing and to do thorough research before making any investment decisions.