rugpulls – DIGIT INFO

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

October 26, 2024 by DIGIT

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 the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to … Read more

Ciphertrace Report Shows Crypto Crime Moving to Defi

May 15, 2021 by DIGIT

Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” … Read more