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DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam
11.6.2024
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor funds, never...
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH
8.6.2024
On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm Solidproof’s Know Your Customer (KYC) process....
ZkSync’s Gemholic project suspected $3.5M rug pull
8.6.2024
Community members are currently trying to trace the Gemholic contract creator's address, supposedly funded by Binance
U.S. Charges Three in Connection With Evolved Apes NFT Scam
6.6.2024
Evolved apes was a $3 million NFT rug pull that lured investors in with the promise of developing a video game
Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi
30.5.2024
More than $473 million worth of cryptocurrency has been lost to hacks and rug pulls in 2024, according to a report by security researcher Immunefi
ZKasino Implements 72-Hour “2-Step Bridge Back Process” to Return Funds to Investors
29.5.2024
ZKasino has taken steps to address the allegations of a $33 million "rug pull" by initiating a 72-hour "2-step bridge back process" to return funds to investors.
The post ZKasino Implements 72-Hour “2-Step Bridge Back Process” to Return Funds to Investors appeared first on Cryptonews
How Binance played a key role in arrest of ZKasino scam suspect
8.5.2024
Despite the arrest of the main suspect, some of the stolen funds continued to be moved, suggesting multiple potential attackers
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...
US Law Enforcement Arrests Mastermind of $1.2 Million MEV Rug Pull Scam
21.3.2024
The U.S. law enforcement authorities have arrested Robert Robb, a MEV bot engineer known as “pokerbrat” for allegedly masterminding a $1.2 million crypto rug pull scam. Robb was detained on March 20, according to a screenshot from the Detention Center Inmate information of the Henderson...
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...
Scammers Use Meme Coin Mania to Defraud 42,000 Victims and Amass $32 Million: Blockfence
22.1.2024
A group of fraudsters has managed to deceive over 42,000 victims, accumulating a staggering $32 million in a series of crypto scams that began in April 2023. What makes this scam unique is the use of a method that even fooled some of the industry’s renowned “rug pull detectors,”...
Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse
8.1.2024
Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to...