There's a lot of forks of existing code out there. Some of the people using the existing forked code don't understand how it really works, because they didn't w

There's a lot of forks of existing code out there. Some of the people using the existing forked code don't understand how it really works, because they didn't write it and didn't bother to study it in detail. This is especially common on the Binance Smart Chain, which itself is a fork of Ethereum. The pitfalls will continue to happen, because it is a completely open system. The best, most audited and long-lived projects will rise to the top over time. But there will be a long tail of total flops or projects that get exploited in some way along the way. It is the Wild West, but you should understand that if you put your money into a smart contract, you are risking those funds. It's a powerful abstract, but with great power comes great responsibility. Do due diligence, don't invest a lot into new projects, have more faith in the ones that have held up over the long haul, and buy insurance when you can.