DeFi rug pull surge reveals more complex crypto scam strategies
[Dec 12 2:00 PM] A look at the dark side of rug pulls and the complex manipulation strategies pervading them.
1 / 2 Relevant items tagged with #RugPull
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Crypto Community’s Revenge: Solana Memecoin Rug-Pulled By Gen Z Trader Hits $80 Million Market Cap
[Nov 21 11:30 AM] A young crypto trader attempted to rug-pull a Solana-based memecoin on a live stream, but the crypto community joined to “teach him a lesson” by sending the token to an $80 million market cap. Solana-Based Memecoin Rug Pulled By 12-Year-Old As the…
Gen Z Trader’s $30K Heist Backfires as Crypto Community Rallies Token to $56M Market Cap
[Nov 20 5:32 PM] A young trader pulled off a pump-and-dump scheme on the coin called QUANT token, but the crypto community countered by rallying the token’s price. Trader Live Streams Token Dump A pump-and-dump coin created by an unidentified young trader saw…
Savvy memecoin trader makes $988K in 3 hours despite rug pull
[Nov 20 9:55 AM] Memecoins have turned numerous cryptocurrency investors into millionaires despite their intrinsic lack of utility.
Memecoin Creators Hop on U.S. Election Mania With Thousands of New Tokens
[Nov 5 3:20 PM] While the U.S. election has directed investor focus to bitcoin and Polymarket, the murky memecoin market is also beginning to heat up. Thousands of election-themed tokens have been created over the past 24 hours.
DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle
[Oct 31 10:30 PM] A federal jury convicted a man for orchestrating an NFT rug pull scheme, pocketing nearly $400,000 through abandoned projects and cryptocurrency laundering schemes. The NFT Rug Pull That Went Too Far — Federal Jury Brings Verdict The U.S…
WAP crypto token promoted by Cardi B traced to scam origins
[Oct 8 11:40 AM] Cardi B’s WAP memecoin launch stirs controversy as crypto investigators link the wallet address to past scams and rug pull projects.
Failed Solana Token Scheme? Hacker Targets 2.6 Million Indian Cricket Fans With X Scam
[Sep 12 9:30 AM] On Tuesday, Indian cricket fans were targeted by scammers with a Solana-based token. The attackers attempted to profit from sports fans after hacking Delhi Capitals’ X account. However, the scheme failed to gain much traction despite its peculiar…
Solana-Based Memecoin Rug Pulled By McDonald’s Hacker, Market Cap Plummets 98%
[Aug 21 11:00 PM] The crypto ecosystem has seen a surge in memecoins and their popularity over the past year. Still, the craze has ushered in a wave of scams and rug pulls targeting unsuspecting investors. The latest victim of this trend is the Solana-based GRIMACE…
Users say ZKasino still hasn’t returned ETH months after claims opened
[Aug 14 10:58 PM] The project claimed it was allowing users 72 hours to sign up to receive their ETH back, but two months later, the funds have not moved.
Crypto Scam? PolitiFi Token RTR Plummets 95% After Trump Family Denies Link
[Aug 10 8:00 AM] This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge…
Neiro memecoin developer makes $2.85M profit after apparent rug pull
[Jul 29 1:44 PM] The developer wallet made an over 5,100x return on his initial $550 investment.
ETHTrustFund DAO transfers $2M treasury in apparent rug pull
[Jul 22 1:01 PM] 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.
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH
[Jun 8 1:28 PM] 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…
ZkSync’s Gemholic project suspected $3.5M rug pull
[Jun 8 6:05 AM] Community members are currently trying to trace the Gemholic contract creator’s address, which is supposedly funded by Binance.
U.S. Charges Three in Connection With Evolved Apes NFT Scam
[Jun 6 3:00 PM] 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
[May 30 7:35 AM] 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
How Binance played a key role in arrest of ZKasino scam suspect
[May 8 4:52 AM] Despite the arrest of the main suspect, some of the stolen funds continued to be moved, suggesting multiple potential attackers.
Fake NFT Project Hack? CTO Vanishes After Allegedly Stealing 94 SOL
[Apr 3 7:00 PM] A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as…
Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
[Mar 9 6:30 AM] 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…
Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK
[Mar 5 9:18 AM] 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.
Blast Ecosystem Sees First Apparent Scam as 'RiskOnBlast' Rug Pulls $1.3M Ether
[Feb 26 12:09 AM] Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors.
Yearn Finance Tumbles: Rug Pull Rumors Swirl As Token Takes A 45% Hit
[Nov 19, 2023 3:59 AM] Recent data analysis reveals a significant decline in the performance of YFI, the native token of the Yearn Finance platform. In a dramatic overnight development, the native token of the Yearn Finance ecosystem witnessed a staggering 40% plunge…
Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme
[Nov 14, 2023 7:12 PM] 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
[Nov 14, 2023 2:03 PM] 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…
GROK Memecoin Faces 40% Drop As Expert Exposes Scammer’s Involvement
[Nov 13, 2023 6:00 PM] Grok (GROK) token, inspired by Elon Musk’s artificial intelligence service through X (formerly Twitter), has recently come under scrutiny following explosive growth in market capitalization. According to recent reports, Grok zoomed to a…
Fiat Losses From Security Incidents on BNB Smart Chain 37% Lower in Q3 of 2023 — Study
[Nov 8, 2023 6:30 AM] 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…
Crypto Halloween Nightmare: MEME, MEMEPAD, And TITANX Tokens Collapse, Traders Lose 100%
[Oct 30, 2023 8:00 PM] In a chilling development on Halloween Day, the crypto community was hit with disturbing news as PeckShield, a renowned blockchain security company, revealed a series of rug pulls over the past few hours. Rug pulls, a form of cryptocurrency scam…
Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik
[Oct 9, 2023 12:30 PM] The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap.
Pond0x DEX claims $100M in trading volume as critics allege it’s a scam
[Sep 29, 2023 1:57 PM] Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence.