News with the tag "RugPull"

The cryptocurrency world is buzzing, and not for the right reasons. A recent incident involving the LIBRA meme coin, touted by Argentina’s President, has sparked a serious debate. Marcin Kazmierczak, COO of Redstone, a prominent DeFi oracle project, is raising alarm bells. He believes this “rugpull”...

According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches. DeFi Platforms Show Better Security Mech...

A crypto trader took the broader market by storm on Wednesday, turning a mere 2 SOL to a staggering $1 million trading QUANT. Latest on-chain data flagged that a trader made a massive 2,141x return by investing in the mentioned token, which is also the recent hot buzz of the market. The token, launc...

Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S...

In a riveting turn of events, Scroll ecosystem’s stablecoin project Essence Finance raised substantial investor concerns across the broader market on Saturday amid rugpull speculations. Notably, the project is suspected of being rug pull as its stablecoin, CHI, witnessed a phenomenal price crash of ...

This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge after its launch. However, its price quickly plunged aft...

Imagine John, a middle-aged mechanic who wakes up every day at 5 AM, dreading another grueling day at the workshop. Each evening, he returns home exhausted, with just enough energy to eat and sleep before repeating the cycle. Sarah, a…

Doraemon (DORAE) is the latest meme coin to experience a massive price decline following reports of a potential rug pull by the developer. The DORAE token’s price plummeted to near zero within minutes. According to on-chain data that blockchain sleuth…

zkSync-based project Gemholic has been suspected of orchestrating a rug pull following a series of malicious moves on Saturday. The company behind the defunct decentralized exchange GemSwap has transferred out formerly inaccessible investor funds raising suspicions from the general crypto community....

An unidentified insider trader has managed to turn just $1,200 into nearly $1 million in just three hours trading a newly launched crypto, Hulkmania ($HULK), through four new wallets after acquiring 19% of that cryptocurrency’s total supply. According to on-chain data analysis service Lookonchain, t...