Meme Coin Platform Pump.fun’s X Account Compromised, Prompts Scam Token Warnings

Pump.fun, a Solana-based meme coin platform, experienced a suspected compromise of its official X account, @pumpdotfun, after user reports of scam token promotions linked to the breach emerged. Pump.fun Faces X Account Hack On Feb. 26, 2025, multiple X users flagged unusual activity on the account, including a post promoting tokens with contract addresses that … Read more

Safemoon’s Former CTO Pleads Guilty to Fraud

The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in … Read more

Coinbase Faces Growing Criticism Over Social Engineering Scams and Security Lapses

One of the largest cryptocurrency exchanges in the world, Coinbase, is facing criticism after blockchain investigator ZachXBT disclosed that users have lost more than $65 million to social engineering scams in December 2024 and January 2025. A series of attacks has spotlighted critical security weaknesses on the platform and raised serious doubts about Coinbase’s capacity … Read more

Was $GANG a Massive Scam? Influencer Cashes Out Millions, Followers Left Holding the Bag

Once again, the cryptocurrency sector finds itself embroiled in a controversy, this time around a prominent influencer in the CryptoTwitter space, MrPunk.Eth. The influencer gave birth to his own token, $GANG, with promises attached of huge profits for his unsuspecting followers. What began as a superhyped-to-the-max community project has rapidly devolved into what many will … Read more

Hackers Exploit High-Profile Account to Promote Fake Memecoins: Investors Lose Big On Fake $POWER Token

Hackers recently compromised the high-profile Twitter account @TrumpDailyPosts, using its credibility to promote fraudulent cryptocurrency schemes, including the fake $POWER token. The incident underscores a growing trend of scammers exploiting well-known accounts to deceive unsuspecting investors in the crypto space. The $POWER Token Trap: Massive Investor Losses   One victim, with the wallet address 3pFW9…C7ZPQ, suffered … Read more