Category: rug pulls

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5 sneaky tricks crypto phishing scammers used last year: SlowMist

SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams. Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and Trojan malware spread on the messaging…
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Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021

Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned. The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of “Hacktober” — according to the latest figures. On…
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Rug Pulls Were Rampant In August But Slightly Decreased On Previous Months – Report

Rug pulls, a type of theft which occurs when owners of a crypto project flee with the funds collected from their investors, dominated Web3 world-based scams and exploits in August, with 33 out of the 44 recorded exploits deemed rug pulls and exit scams, according to a recent report released by blockchain security company CertiK….…
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Security firms seek to make it more difficult for scammers to get away with DeFi project hacks

While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices. The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance,…
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How to enhance DeFi security

Decentralized finance is exploding. Its security is not. Here’s how to prevent millions more lost in DeFi. Creating a cryptocurrency from scratch isn’t easy. It requires extensive knowledge of various programming languages and knowledge of blockchain use cases, among other things. Instead of going through that effort, those newer to the crypto space wanting to…
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Kardashian, Mayweather Jr., Lohan Slammed – Star From ‘The O.C.’ Says Celebrities Shilling Crypto Is a ‘Moral Disaster’

Former teen soap star from the popular television series “The O.C.,” Ben McKenzie, has called out his fellow celebrities for shilling specific cryptocurrency projects. McKenzie calls the trend a “moral disaster” and he’s named a bunch of celebrities that have shilled a few crypto projects to their loyal fans. ‘The O.C.’ Star Ben McKenzie Writes…
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