Onchain detective Zachxbt has revealed details about another NFT rug pull involving Project Shura. The team behind the 5000 collection project reportedly made $1.7 million before abandoning it and lea...
Tag: Rug
Why ICHI token collapse: failure in plan execution or a rug pull?
In the latest decentralized finance (DeFi) space project disaster, ICHI listed its name where it lost almost 99% of its value The price of a native token of a DeFi Protocol Ichi has collapsed suddenly...
Another French star masterminds $1.6 million NFT rug pull
Blockchain detective, Zachxbt has uncovered another non-fungible token rug pull mastermind. In a Twitter thread, he alleged that a French e-commerce guru, Soulaymane Mahzoul, is behind the $1.6 millio...
OpenZeppelin Foils Convex Protocol’s Potential $15 Billion Rug Pull – crypto.news
OpenZeppelin has revealed that it recently uncovered a severe vulnerability in the Convex Finance (CVX) DeFi protocol code that would have led to a $15 billion rug pull if exploited. The loophole has ...
OpenZeppelin Discovers $15 Billion Rug Pull Vulnerability In Convex Finance
A routine security audit turned into a potential nightmare for Convex Finance as OpenZeppelin’s security team discovered a vulnerability during a security review of the Convex Finance protocol. The b...
French influencer masterminds a $960k NFT rug pull
TL;DR Breakdown French influencer rug pulls thousands from Billionaire Dogs Club (BDC) NFT project. NFT rug pulls become more apparent. Laurent Correira, a prominent French influencer and reality TV ...
Convex Finance addresses bug that could’ve led to a $15 billion rug pull
Convex Protocol, a platform that boosts rewards for those using the Curve stablecoin, has mitigated an issue that could’ve resulted in a $15 billion rug pull. Rug pulls occur when seemingly legi...
UK Royal Mint NFT, $960k Billionaire Dog rug and Pudgy Penguins
The U.K. government Treasury announced on Monday, April 4th, that it has asked the Royal Mint to create one non-fungible token (NFT) to be issued by the end of the year “as an emblem of the forward-lo...
Famous French influencer masterminds $960k NFT rug pull
Popular on-chain sleuth, Zachxbt, has revealed information about another rug pull in the non-fungible token scene. In a Twitter thread, he exposed how French influencer and reality TV star Laurent Cor...
CertiK withdraws false claims on Crypto Cars as “rug pull’
CertiK, a renowned cybersecurity ranking platform in the blockchain field, published a Twitter warning about CryptoCars, claiming it was a “rug pull.” The post was soon taken down by the team since it...
Rug Pulled By Bored Bunny NFTs, Snatches $20.7 Million From Investors
A popular blockchain detective has disclosed a slow rug pull that occurred on the Bored Bunny NFT collection. The marketing of this NFT collection involved celebrity names like Floyd Mayweather, Jake ...
DOJ Cracks Down On Rug Pulls, Charges Frosties Founders
The US Department of Justice is slapping charges of money laundering and fraud on the founders of the Frosties NFT project after they committed a ‘rug pull.’ DOJ Progresses With Crypto Security Measur...
US Justice Dep’t charges “Frosties” creators over $1.1 million rug pull
TL;DR Breakdown Two men have been charged by the US Department of Justice with fraud and money laundering in connection with Frosties NFT rug pull. Before vanishing with the money, the 20 years old, a...
US DoJ Investigates 20-year-old NFT Project Creators for Rug Pull
As per investigators, the two men conducted a “rug pull” shutting down the Frosties NFT project immediately after conducting token sales and collecting $1 million in funds. On Thursday, March 24, the ...
Quick Rug Pull: US Justice Dep’t Charges Two 20-Year-Olds In alleged $1.1 Million NFT Scam
Buyers who invest in trendy new projects are harmed by a so-called NFT rug pull or other related scams. However, the crypto space’s pseudonymous nature does not mean that alleged crooks may always van...
DOJ cracks down on ‘rug pulls’, charging Frosties NFT project founders
The Department of Justice (DOJ) has taken action against an alleged NFT rug pull, after it slapped the founders of the Frosties project with charges relating to fraud and money laundering. The two fou...
DOJ unveils charges amid investigation into Frosties NFT ‘rug pull’
advertisement The Department of Justice said Thursday that it has charged two individuals with conspiracy to commit wire fraud and conspiracy to commit money laundering related to a non-fungible token...
Feds Charge Two 20-Year-Olds In Alleged NFT Money Laundering, ‘Rug Pull’ Scheme
Some of the art used to market Frosties, a NFT project prosecutors say led to a $1.1 million … [+] swindle. Courtesy DOJ The Department of Justice hit a pair of 20-year-olds with fraud and money...
NeoNexus Team Calls It Quits; Immediately Accused of Rug Pull
Key Takeaways The founder of NeoNexus has announced that the project would no longer be supported by either himself or the team. He suggested a community takeover as one possible way the project might...
Ukraine Rug Pulls the Airdrop – Trustnodes
An historic crypto airdrop by the Ukrainian government has been cancelled hours after the snapshot was due. “After careful consideration we decided to cancel airdrop,” Mykhailo Fedorov, the Vice Prime...
Steer Clear Of Rug Pulls with These Simple Checks
‘Rug pull’ is the term for when the creators of a crypto project artificially inflate the price of a token through shadow wallets and marketing gimmicks before dumping everything on the market and mak...
Lana Rhoades Deletes Twitter Account After Allegedly ‘Rug Pulling’ Her NFT Project
In brief Buyers of Lana Rhoades’ CryptoSis NFTs got upset when the assets declined in value, after she touted them as an “investment.” Rhoades responded in a series of angry tweets b...
Was the DeFi100 project a hack or a rug pull scam?
In May 2021, news broke out of the DeFi100 crypto scam that allegedly ran away with $32 million of investors money As a well known macro strategist and market expert, Sven Henrich puts that the Crypt...
Rug Pulls Force Solana NFT Marketplace Magic Eden to Invoke Doxing Policy for Creators
Magic Eden, the largest NFT marketplace on Solana by volume, announced on Saturday the relaunch of its “white glove minting and marketing service” called Launchpad. The service allows NFT creators to...
What Are Rug Pulls? How to Avoid Getting Scammed?
Nearly $10 billion were stolen in DeFi scams and thefts only in 2021, representing an 81% rise compared to 2020, and rugpulls accounted for over 35% of all crypto scam revenue. This is according to a ...
Titano Finance DeFi Rug Pulled, TITANO Drops 80% in 10 Minutes
Vladislav Sopov After a series of white- and black-hat hacks of DeFi infrastructure, the time has come for rug pulls Contents Titano Finance liquidity pool drained for $1.9 million Hack instead of rug...
Baby Musk token tanks 100% after Rug Pull
Baby Musk token has completely fallen apart after a rug pull leads to a disaster It raised $2 million via its ICO in January last month Various red flags were raised by a user on Twitter just days a...
NFT Rug Pulls on the rise as exchanges become more cautious
NFT rug pulls have become more than frequent as the community takes stock of the development Suspect behavior has been noticed at new NFT project, Squiggles Squiggles Rug Alert is the name of the 60...
Coinbase Discards Cryptocurrency Links After ‘Rug Pull’ Threats
Coinbase Global has eliminated ‘how to buy’ directions for almost three crypto tokens due to ‘rug pull’ threats that can lead to investors losing their investment, reported on Thursday, February 10, 2...
Coinbase Removes Cryptocurrency Pages After ‘Rug Pull’ Warnings
Coinbase Global has removed ‘how to buy’ instructions from its website for at least three crypto tokens. The tokens in question have been the subject of ‘rug pull’ warnings that investors may lose the...