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Fake OMNI Token Rug Pulls $400k as Real Token Price Crashes Over 55%
18.4.2024
OMNI token experienced a drastic decline of over 55% within hours of the airdrop, while a fake OMNI token rug pulled nearly $400,000.
The post Fake OMNI Token Rug Pulls $400k as Real Token Price Crashes Over 55% appeared first on Cryptonews
Analysts Raise Suspicions Involving 100 ETH Transaction from AssangeDAO Address
4.4.2024
SlowMist analysts have expressed concern over a 100 ETH transaction originating from an AssangeDAO address directed to a recipient apparently linked to the decentralized autonomous organization (DAO) on March 10.
The post Analysts Raise Suspicions Involving 100 ETH Transaction from AssangeDAO...
Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
9.3.2024
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual...
Candy Token Plummets 87% After Lena Network Rug Pull – Here’s What Happened
6.3.2024
The Lena Network’s newly launched Candy token lost virtually all of its value on Wednesday shortly after the liquidity protocol tried to distance itself from the project.
The post Candy Token Plummets 87% After Lena Network Rug Pull – Here’s What Happened appeared first on Cryptonews
Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK
5.3.2024
OrdiZK, a project that set out to become a bridge between the Bitcoin, Ethereum and Solana blockchains, appears to have pulled an exit scam, according to blockchain security firm CertiK
Senior U.S. Military Airman and Cyber Analyst Charged with Money Laundering for NFT “Rug Pull” Scheme
27.2.2024
Two individuals, including a senior airman and cyber analyst in the U.S. military, have been charged for money laundering in connection to an NFT “rug pull” scheme, a February 23rd statement from U.S. Immigrations and Customs Enforcement (ICE) reveals.
The post Senior U.S. Military Airman and Cyber...
Blast Ecosystem’s ‘RiskOnBlast’ Rug Pulls $1.3M Ether in Apparent Scam
26.2.2024
Concerns arise as RiskOnBlast, a gambling platform on Blast layer-2, vanishes along with funds and online presence, hinting at a potential rug pull—marking the first of its kind on Blast.
The post Blast Ecosystem’s ‘RiskOnBlast’ Rug Pulls $1.3M Ether in Apparent Scam appeared...
Blast Ecosystem Sees First Apparent Scam as 'RiskOnBlast' Rug Pulls $1.3M Ether
26.2.2024
Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors
Crypto Yield Firm Haru Invest Execs Arrested in S.Korea for Laundering User Funds
6.2.2024
Top executives of Haru Invest, a South Korean crypto yield platform, have been arrested by the county’s prosecutors on Monday. The crypto investigation arm of the Seoul Southern District Prosecutors’ Office have arrested three people in connection with crypto fraud worth 1 trillion Won ($752...
SatoshiVM Team Wallet Activity and 25% Price Decline Cause Rug Pull Fears
22.1.2024
SatoshiVM’s concerning wallet activity and token transfers have raised worries it could be executing an exit rug pull scam. Image by Kerem Goktug Kaya, DALL-E 3. The recently launched cryptocurrency SatoshiVM (SAVM) is being accused of being a scam, with a price decline and suspicions of...
Public-Private Partnerships Necessary in Investigating Crypto Crimes: Former IRS Agent and Lead Investigator at Merkle Science
15.12.2023
Richard Reinhardt. Image: LinkedIn / Merkle Science In an exclusive interview with CryptoNews, former IRS agent Richard Reinhardt, now serving as the lead investigator at Merkle Science, talked about growing challenges in investigating crypto-related crimes and the need for public-private...
Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme
15.11.2023
The French developer of the Mutant Ape Planet NFT collection faces up to five years in prison after pleading guilty to wire fraud charges
'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud
14.11.2023
The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ)
Fiat Losses From Security Incidents on BNB Smart Chain 37% Lower in Q3 of 2023 — Study
8.11.2023
The financial losses stemming from security incidents on the BNB Smart Chain in Q3 2023 were 27% lower than in Q3 2022. When compared to security incidents on other chains, rug pulls, price and reserve manipulation events on BSC accounted for “4% of the total fiat losses across all chains...
Crypto Projects Lose $51.6 Million in Attacks, Phishing Scams, and Rug Pulls in October 2023: Beosin
1.11.2023
Beosin’s security monitoring platform, Beosin EagleEye, reported that the crypto industry saw 23 security incidents in October 2023, collectively resulting in a substantial total loss of approximately $51.61 million. These losses were attributed to a trifecta of threats: hacker attacks...
Rug Pulls Account For Majority of Scams as Q3 2023 Exploits Wipe Out $720 Million
25.10.2023
The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors. A new report by blockchain security firm Hacken shows a quarter-to-quarter increase in hacks and money drained...
Crypto Community Fears Rug Pull as Safereum Faces Drastic Liquidity Drain Post $600,000 Fundraising
24.10.2023
The cryptocurrency community is fearing a rug pull after Safereum saw huge sums of liquidity drained, making off with around $1.3 million worth of funds, according to blockchain security experts....
Read More: Crypto Community Fears Rug Pull as Safereum Faces Drastic Liquidity Drain Post $600,000...
Rug pull feared as Safereum devs reportedly unlock and dump native token
24.10.2023
According to blockchain security analysts, the developers of the Safereum project suddenly sold more than 700 ETH worth of its native token, sending the price of SAFEREUM plunging more than 90%
‘Crypto Rug Pull’ Leaves ‘Hundreds’ of Central African Republic Investors ‘Penniless’
18.10.2023
Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.”
The news outlet RFI reported that the Research and Investigation Section (SRI) of the National Gendarmerie (the CAR’s police force) have “launched an investigation” into the firm....
Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik
9.10.2023
The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap