Tags: rug pulls

The platform faces Ponzi scheme accusations as users report frozen accounts and a 6.4% withdrawal approval rate.

Nansen’s analysis shows LIBRA’s collapse cost 86% of investors $251M, with only 2,101 wallets turning a profit amid the token’s volatility.

Portnoy called meme coins a “greed-driven ecosystem,” launching $GREED as a social experiment before selling his holdings.

Meteora co-founder Ben Chow steps down following LIBRA meme coin allegations, with an independent firm set to investigate the claims.

The LIBRA token crash has sparked outrage, with Pump.fun’s co-founder demanding accountability and safer practices in the meme coin space.

Blockchain data proves LIBRA was rigged, but creator Hayden Davis says critics are “jealous” of missing out.

The Jupiter team reassured users that treasury holdings remained secure in multisig wallets and that only the X account was compromised.

Critics claim Fournier’s sell-off caused TIKTOK’s crash, saying he sold when the price was stable, draining liquidity.

Cybercriminals target CeFi by posing as recruiters or planting fake employees to exploit infrastructure vulnerabilities and steal funds.

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

Over $356M Lost to Hacks, Phishing Scams and Rug Pulls in Crypto in November: Beosin

BNB Chain-Based Altcoin LSC Faces Rug Pull Draining $1.1 Million, Token Slumps 98

Mastermind Behind India‘s $24 Million Crypto Fraud Flees Country

Web3 Loses $1.2 Billion to Hacks and Rug Pulls so far in 2023: Report

Base and Linea Users Lose $460,000 as SwirlLend Vanishes in Suspected Exit Scam

(Taylor Hill/Getty Images)

DeFi protocols have been hackers’ favorite targets since 2021. Now hackers are preying on NFT projects, a blockchain intelligence firm says.

The hack, which some observers had characterized as a rug pull, was estimated to have netted $12 million.