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 “4% of the total fiat losses across all chains in Q3.” Fiat Losses 37%…
Read more
The cryptocurrency community is fearing a rug pull after Safereum saw huge sums of liquidity drained, making off with around $1.3 million worth of funds, according to blockchain security experts…. Read More: Crypto Community Fears Rug Pull as Safereum Faces Drastic Liquidity Drain Post $600,000 Fundraising Read more »Sign up for e-EUR – the progressive…
Read more
Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.” The news outlet RFI reported that the Research and Investigation Section (SRI) of the National Gendarmerie (the CAR’s police force) have “launched an investigation” into the firm. Prosecutors have also launched a separate investigation into the…
Read more
The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap. The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik. The project’s deployer account called the…
Read more
Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the…
Read more
Telegram bot Banana Gun’s native token, BANANA is the latest victim of a crypto exploit due to a “bug” in their contract. The highly anticipated token fell to a disastrous low within three hours of its launch as the incident led to a sharp drop in prices. The token plummeted over 99% from $8.70 at…
Read more
A mix of on-chain, fundamental and technical indicators hint at a continuing Pepe price decline ahead. Pepecoin (PEPE) price has crashed nearly 85% from its record high of $0.00000448 in May 2023. What’s more, its bearish momentum is likely to continue in September. Back-to-back Pepecoin security breaches Pepecoin has suffered two concerning security breaches in…
Read more
Magnate Finance, a DeFi lending protocol on the Ethereum layer-2 network Base, is reported to have conducted a rug pull, robbing its users of $6.4 million worth of assets. This event represents the latest troubling incident on the Base network in merely a month of its official mainnet launch. 3 Rug Pulls, $16.7 Million Lost…
Read more
In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member. The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger pointed at three…
Read more
“Don’t shoot the messenger,” said the messenger before dying in a flurry of bullets fired from the barrels of angry crypto enthusiasts. A blockchain security firm tried to warn users of an imminent rug pull surrounding a crypto project, but investors became angry and fired back. The firm rescinded the security alert. Then, the project…
Read more
