News with the tag "Crypto rug pull"

Amid the Libra token controversy, Internet investigator Coffeezilla interviewed one of the people behind the Viva La Libertad project to discuss its disastrous launch and collapse, Argentina President Javier Milei’s involvement, and the “scam” allegations against the project. Libra Creator Admits Sn...

The U.S. Department of Justice (DOJ) is charging two California men for allegedly masterminding a multimillion-dollar non-fungible token (NFT) investment scam. In a new press release, the DOJ says it’s charging 23-year-olds Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks with conspiracy...

Ever heard of crypto rug pulls? Find out what they are and how to identify the six warning signs that could protect your hard-earned money from disappearing overnight.

Former NBA player Scottie Pippen launched the Game 5 Ball (BALL) project, a real-world asset (RWA) project to tokenize the “legendary 1991 Game 5 championship ball.” After the launch, Pippen and the project were accused of rugging over 100 Ether (ETH) and being involved in other crypto scams. Now, G...

The United States Attorney for the Southern District of New York announced the indictment of three UK nationals for the $3 million ‘Evolved Apes’ NFT (non-fungible tokens) scam. The suspects face charges of wire fraud and money laundering. Related Reading: Worldcoin Survey Reveals Nearly 90% Of Span...

Crypto gambling platform ZKasino is again in the spotlight after returning to the community to announce the refund to affected users. The now-disgraced platform was in the news over a month ago after allegedly stealing $33 million from investors. Related Reading: Hong Kong Announces Inspection Of Cr...

About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone. Despite the allegations, ZKasino continued to post X updates before disappeari...

Beosin’s security monitoring platform, Beosin EagleEye, reported that the crypto industry saw 23 security incidents in October 2023, collectively resulting in a substantial total loss of approximately $51.61 million. These losses were attributed to a trifecta of threats: hacker attacks, phishing sca...

According to blockchain security analysts, the developers of the Safereum project suddenly sold more than 700 ETH worth of its native token, sending the price of SAFEREUM plunging more than 90%.

Kevin Pawlak, the former head of ventures at NFT marketplace OpenSea, is facing accusations connected to the AnubisDAO rug pull incident that occurred in 2021. The allegations came to light in an October 6 X (formerly Twitter) thread posted by an anonymous account called NFT Ethics. For its part, Op...