DeFi rug pull surge reveals more complex crypto scam strategies
A look at the dark side of rug pulls and the complex manipulation strategies pervading them. Go to Source
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Gen Z Trader’s $30K Heist Backfires as Crypto Community Rallies Token to $56M Market Cap
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 its market capitalization continue to surge hours after he dumped his holdings on unsuspecting users. Although … Read more
Savvy memecoin trader makes $988K in 3 hours despite rug pull
Memecoins have turned numerous cryptocurrency investors into millionaires despite their intrinsic lack of utility. Go to Source
DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle
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. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, … Read more
WAP crypto token promoted by Cardi B traced to scam origins
Cardi B’s WAP memecoin launch stirs controversy as crypto investigators link the wallet address to past scams and rug pull projects. Go to Source
User says ZKasino still hasn’t returned ETH months after claims opened
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. Go to Source
Solana Meme Token $FWOG Sees Massive Sell-Off, Plummeting 73% Amid Major Investor Liquidations
The Solana meme token $FWOG recently experienced a dramatic 73% drop after its top three major investors liquidated their positions and took profits. This significant sell-off caused the token’s value to plummet in a short period, shaking the confidence of many holders. Among the notable traders, one address, known as Smart Money 5CQD2…psn2j, made headlines … Read more
Neiro memecoin developer makes $2.85M profit after apparent rug pull
The developer wallet made an over 5,100-fold return on his initial $550 investment. Go to Source
ETHTrustFund DAO transfers $2M treasury in apparent rug pull
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. Go to Source
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH
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 … Read more
