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ZKX Protocol Shutdown Sparks Rug Pull Accusations
31.7.2024
The sudden shutdown of ZKX Protocol, a social derivatives trading platform on Starknet, has ignited accusations of a potential rug pull within the DeFi community. The announcement, made on July 30, cited financial non-viability, minimal user engagement, and declining trading volumes as the primary...
Neiro memecoin developer makes $2.85M profit after apparent rug pull
29.7.2024
The developer wallet made an over 5,100-fold return on his initial $550 investment
ETHTrustFund DAO transfers $2M treasury in apparent rug pull
22.7.2024
According to a report from PeckShield, ETHTrustFund transferred its entire treasury funds to a new account and then attempted to launder the funds through mixer apps
Hacks, Rug Pulls Cost BNB Chain $1.6B Since Inception: Immunefi
11.7.2024
More than $1.6 billion has been lost to hacks and rug pulls on BNB Chain since 2017, making it the primary target for criminals, Immunefi said
Rapper 50 Cent claims X account was hacked, leads to $300M rug pull
22.6.2024
Rapper 50 Cent informed his 32.8 million Instagram followers that over $300M in victim funds were lost in a malicious rug pull via his X account
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
Crypto losses: $200 million in 2024 due to hacks, rug pulls
31.5.2024
Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...
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
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
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...
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
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...
Crypto Rug Pulls: What Are They & How to Avoid Them
11.1.2024
Crypto rug pulls cause billions of dollars in loses in the global crypto markets