News with the tag "rug pulls"

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...

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...

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...

The rapid rise and collapse of the LIBRA meme coin have fueled suspicions of a rug pull, with blockchain data pointing to insider trading. Before the meltdown, several industry experts had warned about LIBRA’s tokenomics and raised concerns over its sustainability. Investigations now reveal ties bet...

Jupiter, a Solana-based decentralized exchange aggregator, had its X account briefly compromised, with the attacker using it to promote scam tokens, leading to market turbulence. The team has since regained control of the page, confirming that no funds or customer data were affected. Hack Leads to T...

Political activist Ryan Fournier, known for his co-founding of the Students for Trump organization, has become embroiled in a scandal involving a TikTok-themed meme coin. Critics are accusing him of orchestrating a rug pull that caused the coin’s value to plummet from a high of $90 million to about ...

Crypto exchange DMM will liquidate after suffering a $320 million hack back in May.

An analyst noted that the top 200 wallets holding the coin were newly created and funded by larger wallets within the project.

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.