Another day, another vulnerability was exploited in cryptocurrency. BNB Chain’s Four.Meme launch platform has faced a major security breach. The attackers targeted the growing liquidity in meme tokens and swiped $183k worth of assets. Four.meme is a memecoin launch platform based on the BNB chain. It was launched in July
Thai police collaborated with Chinese authorities to freeze $2.5 million in Tether (USDT) linked to a high-profile scam operation. The suspects, two Chinese nationals, Ye Wanyou, 29, and Li Weijie, 30, were arrested on February 5 at a Bangkok residence. These two are reportedly said to have attempted to erase
Pump.fun is making headlines again for receiving a cease and desist letter by Burwick Law and Wolf Popper. This is because some meme coins on the platform use law firm logos and names without any official permission. Pump.fun is Solana’s meme coin launchpad used to create and launch meme coins.
Solana DEX aggregator Jupiter’s X account has been compromised to promote fake memecoin. Jupiter Mobile’s X account announced the official update. On Thursday, the platform team announced that the hackers had compromised the main Jupiter exchange account. They warned the users not to click on any link. In addition, the
The crypto community has hit a snag as prices have fallen to monthly lows in the past week. Bitcoin has receded to its $90K zone after reaching new all-time highs, again, in the same week. Meanwhile, leading altcoins such as Ethereum and Solana have also begun to drop. On the
South Korean police have apprehended 215 individuals tied to a large-scale cryptocurrency investment scam, responsible for defrauding over 15,000 people and causing losses of 325.6 billion won ($232 million). The investigation, led by the Gyeonggi Southern Provincial Police Agency’s Anti-Corruption and Economic Crime Unit, revealed the scam ran from December
A Gigachad (GIGA) token investor lost $6.09 million after falling victim to a phishing attack through a fake Zoom meeting link. The large-scale sell-off caused an unusual price drop in the GIGA token on November 12, sparking community speculation before prominent investor “Still in the Game” confirmed the incident. In
The Sui (SUI) token has seen a remarkable rally, gaining over 120% in the past month to trade at $2.25 as of October 14. This surge, while impressive, has stirred controversy, as allegations of insider selling have surfaced, casting a shadow over the token’s performance. Crypto analyst Light, in a
In a recent post on X, Banana Gun announced plans to refund $3 million stolen from users affected by a Telegram bot exploit last week. The incident impacted eleven users, with hackers stealing 563 ETH from 36 separate wallets associated with the bot. Notably, Banana Gun confirmed that no tokens
The FBI’s Internet Crime Complaint Center (IC3) has revealed a sharp rise in cryptocurrency-related fraud. Americans lost $5.6 billion in 2023—a 45% increase from the previous year. The IC3’s annual report recorded over 69,000 complaints, underscoring the growing exploitation of digital currencies in various scams. Investment fraud was the most
