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Solana Slows After Rally, Users Fear First Project ‘Rug Pull’
20.8.2021
The recently massive price rise of the Solana blockchain’s native token SOL took a breather on an otherwise green day for the crypto market, while news broke that a Solana-based decentralized finance (DeFi) protocol known as Luna Yield went offline.
At press time on Friday (08:39 UTC), SOL...
Beware of ‘soft rugs’ — a growing menace in decentralized finance
24.6.2021
Developers dumping tokens and making off with the proceeds is the latest scourge to plague DeFi
Polywhale Finance founders accused of rug pull amid abrupt shut down
22.6.2021
The founders of the DeFi yield farm have allegedly redeemed over $1 million worth of tokens as the Treasury wallet was drained Monday
Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm
25.5.2021
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin
Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match
6.5.2021
South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a Dubai crypto conference. The event, which has been dubbed the Cryptocurrency International boxing match, is scheduled to take place on October 15. Pledged Prize Goes...
Another Binance Smart Chain Project Turtledex Rug Pulls With Tokens Worth $2.5M Confirmed Stolen
22.3.2021
The team behind Turtledex protocol, a Binance Smart Chain (BSC) project has reportedly rug pulled its investors shortly after raising 9,000 Binance tokens worth $2.5 million. Immediately following the confirmation of the theft, the value of the protocol’s native token TTDX, reportedly plunged...
Crypto crime dropped 57% in 2020 but DeFi hacks surged: CipherTrace
29.1.2021
Crypto crime rates are dropping despite a massive increase in attacks targeting the DeFi sector, reports security firm CipherTrace
$10.8M Stolen, Developers Implicated in Alleged Smart Contract ‘Rug Pull’
2.12.2020
Rogue developers seem to have rug-pulled their own project, Compounder Finance, netting some $10.8 million in funds from the project’s investors
CertiK dissects the Axion Network incident and subsequent price crash
3.11.2020
Auditors see foul play in the deployment of the smart contract, resulting in a classic scam
12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?
12.10.2020
The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling...
First Mover: SushiSwap’s Billion-Dollar ‘Rug Pull’ Is Thriller to Crypto Geeks
8.9.2020
The "Sushi rug pull" is a gripping drama in the fast-moving arena of decentralized finance, which apparently is still limited to crypto geeks