<ul><li>Solana has been facing rugpulling scams due to its convenience and low cost of use.</li><li>Investors need to be educated and enhanced due diligence tools are necessary to assess project legitimacy.</li><li>Centralized Finance experienced a significant increase in losses of $694 million in 2024, stemming from access control issues.</li><li>QuillAudits is a chain-agnostic smart contract auditing firm with initiatives to combat issues in the Web3 space.</li></ul>

"Breaking the Rugs: The State of Web3 in 2024"

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