Rug pulls are some of the most common crypto scams. To protect yourself from these scammers, developers should be aware of the three main categories. The rise of the cryptocurrency industry has drawn ...
Tag: Rug
Friendsies ‘Rug Pull’ NFT Holders—Could the Community Take Over?
Friendsies, an Ethereum NFT project from long-running art duo FriendsWithYou, announced today that it would “pause” all future plans around the project after raising more than $5 million worth of ETH ...
Friendsies NFT creators deny ‘abandoning’ project amid rug pull allegations
The team behind nonfungible token collection Friendsies has refuted claims they are “abandoning” the NFT project following a tsunami of “rug pull” accusations. On Feb. 21, the founders behind the NFT ...
Friendsies NFT creators deny “rug pull” rumors
After allegations of defrauding users in a rug pull, the team behind Friendsies, a non-fungible token (NFT) platform, has come out to dispute claims that they are “abandoning” the project. Frendsies: ...
Friendsies NFT Collection Rug Pulled After Raising $5 Million
– Advertisement – Friendsies founders have abruptly shut down the NFT collection and all associated projects. The rug pull was confirmed after the project’s Twitter account was deleted. T...
Friendsies NFT Project In Hot Water After Possible Rug Pull Rumors
The creators of Friendsies, a collection of non-fungible tokens (NFTs), have come under a barrage of criticisms after they announced a “pause” in the project’s operations and subsequently deleted thei...
NFT Project Friendsies Suddenly ‘Pauses’ Operations, Sparking Rumors of a Possible Rug Pull
On February 21st, Friendsies, a non-fungible token (NFT) collection that recently raised approximately $5 million, announced in an unexpected way that it would be taking a “pause” on its roadmap, spar...
Friendsies NFT collection rug pulls, deactivates Twitter
Ad Popular NFT collection Friendsies tweeted Feb. 15 that it would pause its development, citing “challenging” market conditions as the primary reason for its hiatus. “We had the best intentions to cr...
Dinosaur Yield allegedly rug pulled
Dinosaur Yield, a cross-chain farming aggregator, has allegedly been rug pulled, its pools drained, token minted, and dumped. Notably, the platform’s Twitter account has also been deleted. Possible ru...
Why Rug Radio Held Off on a PFP Drop—Until Now
Today’s most vibrant Web3 communities have been largely anchored around non-fungible tokens (NFTs) designed to serve as people’s online profile pictures. But Rug Radio intentionally waited to launch i...
Logan Paul Named in Proposed Class-Action Suit for CryptoZoo ‘Rug Pull’ After CoffeeZilla Expose
“As part of Defendants’ NFT scheme, Defendants marketed CryptoZoo NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CryptoZooNFT, purchaser...
Logan Paul sued by customers alleging his CryptoZoo was a rug pull – Cryptopolitan
A class action complaint has been filed against CryptoZoo and Logan Paul, alleging that the defendants defrauded customers out of millions of dollars worth of cryptocurrencies. The lawsuit names both ...
Logan Paul Faces Class Action Lawsuit Over Alleged CryptoZoo NFT Rug Pull
American media personality, professional wrestler, and actor Logan Paul is one of the defendants in a class action lawsuit filed against failed non-fungible token (NFT) project CryptoZoo. The class ac...
Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull
A case has been filed against CryptoZoo and Logan Paul for stealing crypto. The plaintiff contended that Paul and executives at CryptoZoo executed a rug pull. Previously, the YouTuber tweeted about a ...
Investors scammed by token sale on Arbitrum despite warning of potential rug pull
Orion Finance pulled off a $320,000 rug pull on investors who deposited funds in the project’s presale despite warnings that such a thing was bound to happen. Marco Paladin, crypto security audi...
How To Detect a Crypto Rug Pull – Cryptopolitan
As more and more individuals put their money into cryptocurrencies, crypto rug pulls have grown more popular in recent years. Crypto rug pulls are a type of exit scam that involves malicious developer...
gm: Farokh and the Rug Radio Roadmap
gm: Farokh and the Rug Radio Roadmap Meet Mr. NFT: @Farokh, who preaches daily to hundreds of thousands of NFT faithful, and is trying to building Rug Radio into a fully formed Web3 media company. Dan...
What is crypto rug pull? Its Meaning and How to Avoid Rug Pulls
What is a crypto rug pull? The rise of the cryptocurrency market has drawn more con artists looking to make a quick profit. Crypto Rug pulls have grown to be common in Web3, despite the fact that some...
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors – Regulation Bitcoin News
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,’” the Depa...
Arrested Mutant Ape Planet Founder May Have Pulled Off Multiple Other NFT Rug Pulls
Aurelien Michel, the founder of NFT collection Mutant Ape Planet, was arrested this week by federal authorities for allegedly orchestrating an “NFT rug pull” scam. But that may have been just one of m...
Mutant Ape Planet scammer also probably pulled rug on Crazy Camels and Fashion Ape NFTs
Pseudonymous blockchain sleuth ZachXBT discovered that Aurelien Michel — the man recently charged for running the Mutant Ape Planet non-fungible token (NFT) exit scam — also pulled the rug in the Craz...
DOJ Files Charges Against Alleged Mutant Ape Planet NFT Rug Pull
The U.S. Justice Department announced Thursday it had arrested and filed criminal charges against the founder of an NFT project it alleges “rug pulled” holders and defrauded them of $2.9 million in cr...
Creator of Mutant Ape Planet Arrested Over Rug and Pull Scam
5 hours ago | 2 mins read Editors News Allegations are that Michel stole over $3 million from investors in a rug pull scam. This collection has 6,797 NFTs that have been uploaded to the Ethereum block...
Defrost Finance responds after accusations of rug pulling
DeFiYield is once more accusing Defrost Finance of “rug-pulling” its users in a Medium blog post on December 27. It comes after several other community members accused the firm of rug-pulling. DeFiYi...
Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull
Defrost Finance, the decentralized trading platform that suffered a $12 million exploit leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit sca...
Defrost attacker returns stolen funds amid ‘rug pull’ accusations
Recently exploited decentralized leverage trading platform Defrost Finance reveals that $12 million in stolen funds were returned by a hacker, raising suspicions of a rug pull. Defrost Finance hack De...
Defrost Finance Hacked in Attack Some Say May Have Been a Rug Pull
A rug pull, or exit scam, can occur when developers create and establish a liquidity pool and then remove the funds and disappear after investors have bought the related token. The total value of fund...
Cronos-Based Algorithmic Lending Protocol Rug Pulls $600K From Users
CroLend, presenting itself as an algorithmic, autonomous lending protocol built on top of the Cronos network, has deleted all social media pages, the website doesn’t work, and its TVL has been drained...
History’s 10 biggest crypto rug pulls
For years, the cryptocurrency sector has received criticism for harboring scams that have translated into massive losses for users, with the FTX exchange collapse emerging as the latest high-profile i...
Peloton Ex-CEO John Foley Is Back — With A Custom Rug Startup And $25 Million
Ernesta’s founding team with CEO John Foley, top center, as well as Jamie Beck, Marissa Vivori, Yong Feng, Hisao Kushi, Kristy Foss, Alan Smith and Eric Hwang. Courtesy of Ernesta Foley and two ...
97% Of Uniswap Tokens Are Rug Pulls, As Per The Report
There is shocking news for crypto users who are investing on Uniswap. The developers said that most of the tokens launched on the platform are rug pulls. Rug pulling is a technique in which scammers l...