Solana’s rebound has not been without its woes, because the number of fraudulent scams and amount of malicious exercise like seen a most valuable increase.

According to a judge about from cybersecurity firm Blockaid that became shared with Unchained, 50% of presale tokens launched between November and February like been malicious. The info highlights two key components that helped scams proliferate for the length of the Solana ecosystem, said Ido Ben-Natan, co-founding father of Blockaid, in an electronic mail to Unchained.

“On the foundation, the exponential increase in pre-sale token uptake in February and March, fueled by the reputation of reliable memecoins, has provided fertile ground for scammers,” wrote Ben-Natan.

Read More: Solana’s Memecoin Mutter Has Many Recalling Ethereum’s 2017 ICO Mania

“Additionally, scammers are adept at capitalizing on users’ trouble of lacking out (FOMO), the use of delicate tactics similar to mimicking reliable transactions and constructing misleading web sites,” Ben-Natan renowned. A couple of of the identified scammers included X users Jared_eth and Bluekirbyftm.

The findings highlight the need for elevated security features within the Solana ecosystem, concluded Blockaid’s Ben-Natan.

The judge about comes at a time when the performance of Solana in processing transactions has suffered on myth of of the elevated shopping and selling quantity driven by ardour in memecoins and the heightened exercise of programmatic shopping and selling bots spamming the blockchain network.

Read more: 75% of Solana Transactions Are Failing as Bots Dominate Swap Count