Polygon, a decentralised Ethereum scaling platform, saw significant traction in 2022. This was the case, especially ahead of the much-anticipated Ethereum Merge. In fact, dominant buyers too have clam...
Tag: Rug
Polygon-Based Crypto Project Rug Pulls Investors, As Token’s Price Crashes to Zero
– Advertisement – The price of Dragoma’s token (DMA) has plunged to nearly $0 after the team behind the project pulled the rug on investors. According to leading security firm PeckShiel...
Polygon-Based Token Crashes to Zero in Rug Pull Scam
Alex Dovbnya Dragoma, a Polygon-based project, ends up being a rug pull scam Dragoma, a Polygon-based Web3 lifestyle sports application that combines GameFi and SocialFi elements, has pulled the rug o...
Teddy Doge developers pull out $4.5 million in alleged ‘soft rug pull’
Investors of BNB chain-based meme coin Teddy Doge (TEDDY) have become the latest victim of a “soft rug pull,” blockchain security and analytics firm PeckShield alleged in a July 25 tweet. Rug pulls re...
Another Dogecoin Copycat Ends Up Being Rug Pulled as TeddyDoge Slumps 99%
The OG Dogecoin managed to vault into crypto stardom in 2021 along with its rival Shiba Inu, thanks to a push from Tesla chief Elon Musk. But the same cannot be said for many such copycats. One such i...
Dogecoin Copycat Ends Up Being “Rug Pull”
Alex Dovbnya The price of TeddyDoge (TEDDY) has collapsed to virtually zero, with the scammer behind the rug pull making away with millions of dollars The price of TeddyDoge (TEDDY) has collapsed by m...
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors
The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, caught up to GARI token as it tanked over 83% in value in a matter of ho...
Department Of Justice Going After A Solana NFT Dev For Unproven Rug Pull
A Solana NFT developer will have to face the United States Department of Justice, as they think he has pulled a rug pull fraud. As per the press release of the Department of Justice, they will be goin...
US Department of Justice Files Charges Against Baller Ape Club Rug Pull
The United States Department of Justice has filed charges in four separate cases against the Baller Ape Club. It is currently undertaking four separate cases, with six individuals being charged with d...
DOJ Announces Charges Against Solana-Based NFT Developer for Alleged Rug Pull Scheme
The U.S. Department of Justice (DOJ) is pressing charges against a Solana (SOL) non-fungible token (NFT) developer who allegedly pulled the rug on investors. According to a new press release, the DOJ ...
U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam
On Thursday, June 30, the U.S. Justice Department slapped charges against a person promoting “Baller Ape Club” non-fungible tokens, in what appears to be an alleged rug pull scam. The U.S. DoJ has rep...
DOJ Files Charges Against Baller Ape Club ‘Rug Pull’
The Department of Justice this afternoon announced criminal charges against the creator of the Baller Ape Club NFT collection for orchestrating a so-called “rug pull.” The charges, announced alongside...
AnubisDAO Funds Move for the First Time Following Rug Pull, 1,018 ETH Laundered via Tornado Cash – crypto.news
According to a PeckShield notice sent on Friday, a wallet address connected with last year’s alleged AnubisDAO rug pull has begun to move funds from the heist. The hackers already funneled 1,018 ETH v...
AnubisDAO funds move for the first time, eight months after rug pull
A wallet address associated with last year’s suspected AnubisDAO rug pull has begun to move funds from the heist, according to an alert by PeckShield on Friday. Etherscan data shows an address i...
OceanONDA V4 is now live with data NFTs, solving rug pulls and better community monetization – crypto.news
Singapore, June 9, 2022: Ocean Protocol, the open-source, decentralized data exchange protocol to unlock data for AI, announces the launch of OceanONDA V4. The upgrade caters to data publishers, data ...
OceanONDA V4 Is Now Live With Data NFTs, Solving Rug Pulls
Ocean Protocol, the open-source, decentralized data exchange protocol to unlock data for AI, announces the launch of OceanONDA V4. The upgrade caters to data publishers, data consumers, and data marke...
OceanONDA V4 Goes Live With NFT Data, Rug Pull Solutions and Better Community Monetization
[PRESS RELEASE – Please Read Disclaimer] OceanONDA V4 is deployed on Ethereum Mainnet, Polygon, Binance Smart Chain, Moonriver, and Energy Web Chain. Singapore, June 9, 2022: Ocean Protocol, the open-...
Terra’s Do Kwon Few Months Ago: If You Keep Using Centralized Stablecoins They’ll Eventually Rug You, Use UST
– Advertisement – The new video clip shows Terra’s Do Kwon saying Stablecoins execute rug pulls months before the UST crash. The Terra community has been hounding Terra founder Do Kwon t...
Coinbase Rug Pulls Jobseekers With Accepted Offers
Crypto exchange Coinbase has confirmed that it has suspended all hiring and has even gone as far as to rescind accepted job offers, leaving its would-be employees high and dry. The rug pull announceme...
Jake Paul Promotes Yet Another NFT Rug Pull; Founders Make off With $6.3M
Another NFT project promoted by Jake Paul has failed to deliver on its promises and rug pulled its community, this time to the tune of $6.3 million. Animoon marketed itself as a play-to-earn game feat...
What Are Rug Pulls? Can NFTs Get Rug Pulled?
The growth of the crypto space in the last few years remains remarkable despite pertinent public issues. Cryptocurrencies like Bitcoin have gone mainstream and remain utility assets even outside the c...
Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull
– Advertisement – The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down to pennies while UST was de-pegged from the US D...
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.1: Rug Pull
The Internet’s detective, Coffeezilla, faces his most unbelievable adversary yet. SafeMoon’s story is so ridiculous that it defies all logic. In his “I Uncovered A Billion-Dollar Fraud” video, Coffeez...
Azuki NFTs Creator to Refund Investors After Admitting to ‘Rug Pulls’
Zagabond, the pseudonymous founder of the popular Azuki non-fungible token (NFT) collection, has promised to compensate investors who lost money after he abandoned three crypto projects that later tur...
The Department Of Justice Is Crackdown Upon Rug Pulls Prosecuting The Creators Of The Frosties NFT Initiative
The two were planning to start the sale of another NFT product called Embers, which was intended to produce roughly $1.5 million in cryptocurrency profits. They abruptly abandoned and shut down the pr...
NY Sen. Kevin Thomas Proposes To Criminalize Rug Pulls And Other Offences Relating To Crypto Frauds ⋆ ZyCrypto
Advertisement     New York State Senator Kevin Thomas has introduced a new amendment bill that seeks to clear the air around various types of crypto fraud in a bid to ...
New York Lawmakers to Make Rug Pulls in Crypto a Crime
The State of New York may soon make a move to christen “Rug Pulls” in the digital currency ecosystem as an offence, which could come as a bill, dubbed Senate Bill S8839 when it is passed into law. The...
SEC’s Case Against XRP is a Rug Pull – Ripple’s General Counsel
– Advertisement – Ripple’s General Counsel says, ‘US citizens are the victims of a rug pull by the SEC.’ The SEC-XRP court took a new dimension at the last court hearing as both SEC and ...
State lawmakers want to make fraudulent rug pulls a crime in New York
New legislation filed this week in the US state of New York takes aim at so-called rug pulls and other crypto-specific forms of fraud. Senate Bill S8839, according to public records, “[e]stablis...
Proposed New York Bill Looks to Criminalize Crypto Rug Pulls and Scams
New York State Senator Kevin Thomas has proposed a bill that’ll criminalize rug pulls and other fraudulent activities within the crypto space. The proposed bill also seeks an amendment to establish cr...
NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds
New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private...
APE: Volume, whales, sentiment- Decoding rug pull theory’s authenticity
As the market turned green, many coins and tokens saw a gentle 24-hour recovery – nothing too dramatic or drastic. However, one token shot to high heaven even as those watching scratched their heads a...