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 efforts to publicize the memecoin. Crypto Hackers’ New Promotional Method Delhi Capitals, a team from the Indian…
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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 v24 Upgrade The layer two (L2) Ethereum blockchain scaling protocol, Gemholic, faced allegations of…
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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 criticism grew. Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the…
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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 attacks, with 12 incidents representing 85.71% of the total losses across targeted…
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The Lena Network’s newly launched Candy token lost virtually all of its value on Wednesday shortly after the liquidity protocol seemingly rug-pulled the project. Price data from Dexscreener shows that the token traded at a daily high of $3.08 at 12:48 am UTC, before falling to just $0.38 at 5:45 am UTC. Another Crypto Rug…
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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 23 statement from U.S. Immigrations and Customs Enforcement (ICE) reveals. Over $300,000 of Victims’ Funds Stolen Devin Alan Rhoden (a.k.a Denny or Deviinz), 24, of Florida…
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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 million). Per the prosecutors’ charges, the three accused, including the…
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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. This downturn in YFI’s performance prompts a closer examination of the intricate dynamics within the decentralized financial…
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The French developer of the Mutant Ape Planet NFT collection faces up to five years in prison after pleading guilty to wire fraud charges. The creator of the Mutant Ape Planet nonfungible token (NFT) collection — a knock-off of Yuga Labs’ Mutant Ape Yacht Club project — has pleaded guilty to conspiracy to commit wire…
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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 staggering $160 million market cap within just eight days of its release. However, reports of alleged scam involvement have overshadowed the token’s…
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