News with the tag "Scam news"

Pink Drainer, the drainer-as-a-service hacker group, announced it’s shutting down and deleting all data. Over its lifetime, Pink Drainer targeted communities and specific whale wallets. Estimates put the stolen funds between $75M and $85M, depending on the exact pricing approach. The Pink Drainer is...

BlockTower Capital, one of the most well-known digital asset investment firms, has been hacked. The firm’s main hedge fund is in danger, as the fraudsters have managed to drain its assets locally. Although attempts have been made to catch the culprits, the stolen money has not been recovered, and th...

$53.5M Million worth of Ether (ETH) related to the November 2023 Poloniex hack has been located at Tornado Cash, a decentralized cryptocurrency tumbler. This phenomenon, shown by PeckShieldAlert, casts a new light on the consequences of one of the most serious cryptocurrency security breaches. Polon...

On May 5, token minting was exploited on the Genius(GNUS) artificial intelligence network, resulting in an attack that cost almost $1.27 million. These occurrences further confirmed the blockchain ecosystem’s challenges in achieving the best security. Inside GNUS security breach First, the attacker ...

The past few months of 2024 looked like the calm before the storm, with much fewer rug pulls, scams and bridge exploits compared to previous periods. A new way to divert funds is making the rounds and is affecting bigger wallets. The exploit became known as address poisoning. It involves sending fun...

The Fantom network, being the host of GNUS.AI, a famous blockchain project, is pitching a tent during the vulnerable times of a security breach as the company has admitted to suffering an approximate loss of $1.2 million following a successful attack. GNUS.AI security breach GNUS.AI, faced a complex...

Over $181,000 of cryptocurrency portfolio has been lost through malicious attacks targeting the strategic contracts Yield Protocol. This event might be regarded as the latest DeFi security drawback. The assault was a buttoned-down offensive on the smart contracts of the tagged Yield Protocol on the ...

While not unique to Solana, the recent event involved the BONKKILLER Solana meme token, which registered a $327 trillion market capitalization. But how is such possible? To bring things into perspective, Bitcoin had a market capitalization of $1.24 trillion at press time. Solana meme token $327 tril...

This scam alert was shared by a pseudonymous blockchain examiner, ZachXBT, who noticed that the same group of scammers had attempted to scam more people into transferring more than $30 million worth of digital assets. Scam operations uncovered The tweet on X by ZachXBT pointed out the conclusion of ...

Taiwanese prosecutors have charged David Pan, the founder of Ace Exchange, a local cryptocurrency trading platform, with criminal charges. According to an official statement, on April 8, they indicted Pan and six other suspects. They charged him with money laundering and fraud, which caused a loss o...