News with the tag "Rug pull"

The crypto world is buzzing, and not entirely in a good way, after economist and notorious crypto skeptic Peter Schiff launched a scathing attack on former U.S. President Donald Trump’s recent announcement of a crypto strategic reserve. Schiff didn’t mince words, labeling it the “biggest crypto rug ...

On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in p...

Meme coins are pure chaos, and Dave Portnoy is thriving in it. Wrong trades, wild flips, and token launches — he’s turning madness into millions. Here’s how. Table of Contents The wrong LIBRA gamble Portnoy’s meme coin frenzy hits overdrive SEC heat or just noise? Hype over fundamentals, chaos over ...

Key Takeaways: SafeMoon CTO Thomas Smith is attempting to reverse his non-guilty plea on criminal charges related the company’s crypto fraud scheme. Smith and co-defendants Kyle Nagy and Braden John Karony were indicted back in November 2023. Karony’s trial is slated to begin at the end of the next ...

Scams using cryptocurrency have always been a problem, but artificial intelligence (AI) is making them much worse. Scammers can easily steal money from unwary investors as AI-powered scams are getting harder to identify. Fraudsters are using AI technology to develop increasingly realistic phishing a...

The crypto market is thriving, but meme coins dominate trading volumes. Are they fueling mass adoption or steering the industry toward a short-term, casino-like mentality? Experts weigh in. Table of Contents Hype, politics, and billions Are meme coins a liquidity drain or gateway to crypto? The role...

Barstool Sports founder Dave Portnoy launched a meme coin called $GREED today from his official wallet. However, he sold his entire position an hour later, causing the token’s value to crash by more than 90%. A Social Experiment In a February 19 post on X, the founder criticized the meme coin space,...

Ben Chow, co-founder of DeFi and meme coin platform Meteora, resigned on Monday after being accused of financial misconduct and insider trading tied to the controversial LIBRA meme coin. This development came after growing concerns over his involvement in the project. Chow Denies Involvement in Cont...

Argentine President Javier Milei, once lauded for his Bitcoin-focused policies, is now facing impeachment over his involvement in a “crypto scandal”. According to multiple reports, opposition lawmakers in Argentina have called for the impeachment of their president after he actively pushed for a new...

Alon Cohen, co-founder of popular meme coin creation platform Pump.fun, has condemned the controversy surrounding the Javier Milei-endorsed LIBRA token and called for reforms. The situation escalated as the Argentine President denied promoting the meme coin, despite his now-deleted post triggering i...