In September 2022, BNB Chain introduced AvengerDAO, a community-driven security mechanism designed to protect users from Web3 scams, hacks, and "rug pulls". Supported by industry security firms, the initiative utilizes a multilayered approach—Meter, Watch, and Vault—to provide real-time risk assessments and active alerts. This proactive security framework resulted in an 85% year-over-year reduction in financial losses on the chain by 2023. Read the full announcement at BNB Chain Blog . Avenger DAO