Multiple rug pull scams occurred over the past few months in the crypto market. Amidst celebrity memecoin shillings and the launch of numerous new tokens, the scams have also shown a surge. Relatively, Doraemon themed token, DORAE originated in the market on Wednesday with signs of rug-pull within 24-hours of
A student of Chinese Zhejiang University, Yang Qichao issued a virtual currency token BFF in 2022. After the issuance, Qichao’s uninformed liquidity withdrawal caused a crypto investor, Luo, to lose 50,000 BSC-USDT coins that he exchanged for the tokens. This pushed Luo to file a complaint with the Nanyang Public
Two police officers in South Korea are facing trial over an alleged bribery case involving a high-profile crypto fraud case. It involves an alleged crypto fraudster surnamed Tak. Tak was accused of orchestrating an art-themed altcoin scam and for running a fake Ethereum and NFT-related project convincing people to invest
Over this week, the crypto industry is at risk due to the back-to-back lawsuit from SEC against the major crypto firms. However, the Australian Commonwealth Bank (CBA) is prepared to shut the crypto payments to some of the exchanges or keep them on hold concerning the scams. Following the CBA
Earlier today, a crypto token named ‘Thaddeus’ is been found as a scam. One crypto influencer, Eunice D Wong, was promoting this scam token. She was called out on Twitter and thereby apologized with a vow of returning the investor’s money back. This seems like Wong indulged in the Honeypot
Around 400 million Twitter user accounts were for sale on the black market, according to a report from a cybercrime intelligence company Hudson Rock. The report revealed a private database that is holding emails and associated phone numbers of the 400 Twitter users that were stolen by anonymous hackers and
The largest NFT marketplace OpenSea users underwent risk due to a new hack involving a feature on the OpenSea through phishing websites. As nonfungible tokens (NFTs) increased in popularity, scammers who frequently attempt to take advantage of users within the NFT market have increased in activity. OpenSea has a feature
CoinDCX’s Twitter account was hacked by an unknown hacker and promoted XRP. The hacked account used Ripple CEO Brad Garlinghouse’s images to gain trust. An Indian cryptocurrency exchange CoinDCX is a new victim of phishing. Unknown hackers briefly took control of CoinDCX’s Twitter account to tweet scam links to promoting
Tamil Nadu Electricity Minister’s Twitter account was hacked overnight. The hacked Twitter account promoted Cryptocurrency. An unknown gang hacked Tamil Nadu Electricity Minister, V. Senthil Balaji Twitter account on Sunday. The short hack uses a different display name “Variorius” and urges users to utilize cryptocurrencies. Over two lakh people followed
Bored Ape Yacht Club prices falling below $100,000 this year Scams and gambling in the NFT industry are increasing. Over the most recent crypto cycle, NFT market conditions have been closely related to and reliant on the wider crypto market. It became easier for investors and private persons to justify
