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Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations

[Oct 26 2:26 PM] Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of…

Hacks, Rug Pulls Cost BNB Chain $1.6B Since Inception: Immunefi

[Jul 11 9:51 AM] 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.

Celebrity Memecoins: Iggy Azalea And Hulk Hogan Beef Before $17 Million Rug Pull

[Jun 7 3:00 PM] Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. The industry has seen controversies, rug pulls, and Vitalik…

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…

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…

$720 Million Lost via 117 Hacking Incidents in Q3 of 2023 — Study

[Oct 28, 2023 1:30 AM] During Q3 of 2023, there were a total of 117 hacks in which $720 million was stolen via access control breaches and rug pulls among other security incidents, a new study has found. While the losses ($49.80 million) from rug-pull incidents are…

Australian Crypto Exchange Swyftx Offers Financial Incentives to Learners Completing Crypto Course

[Sep 8, 2023 5:30 AM] The Australian cryptocurrency exchange Swyftx has said it will offer financial rewards to users who complete its crypto education course. The crypto exchange said it expects as many as 80,000 participants and has promised a reward of just over $64…

Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik

[Sep 1, 2023 2:30 PM] According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million…

Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?

[Aug 1, 2023 1:14 AM] There’s no conclusive evidence that Sam Bankman-Fried has anything to do with BALD, but on-chain data shows its deployer contract has interacted with Alameda wallets.

Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

[Jun 2, 2023 12:00 AM] Over $45 million was lost to exit scams in May, while exploits on DeFi protocols racked up less than half that amount over the same period.

Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Culture

[May 31, 2023 4:03 PM] Behind every PFP with thousands of followers on Twitter is a person. And in Web3, it’s not always best to trust one person’s word on whether or not to mint into an NFT collection.

Bitcoin Pizza Day Turns Sour as Meme Coin Shysters Profit Over $200K in Rug Pulls

[May 22, 2023 9:24 AM] The 13th anniversary of the first bitcoin transaction has taken a nefarious turn with meme coin issuers profiting over $200,000 from pizza-related rug pulls.

April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

[Apr 30, 2023 11:01 PM] The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.

Soulja Boy Has Reportedly Been Cranking Out Promotions for Scam NFT Projects

[Apr 19, 2023 11:00 AM] Research done by internet sleuth ZachXBT indicates that the "Crank That" rapper has promoted dozens of NFT projects on social media, some of which turned out to be rug pulls.

$119M in Stolen Crypto So Far in 2023, NFT Rug Pulls on the Rise: Crystal Blockchain

[Mar 24, 2023 8:49 AM] DeFi protocols have been hackers’ favorite targets since 2021. Now they’re preying on NFT projects too, a blockchain intelligence firm says.

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

[Mar 21, 2023 2:00 PM] Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7…

5 sneaky tricks crypto phishing scammers used last year: SlowMist

[Jan 9, 2023 11:42 PM] SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams.