Base Chain Welcomes Inaugural Meme Coin Launchpad: A Beacon Against Scams and Rug Pulls

FOMO BULL CLUB, a decentralized, community-driven platform, is thrilled to announce the launch of its inaugural meme coin launchpad on the Base blockchain.

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November Crypto Hack, Phishing, & Rug Pull Surge Cost Users $356 Million

November 2023 saw the cryptocurrency world suffer a massive $356 million loss due to an unprecedented surge in hacks, phishing scams, and rug pulls. Major breaches at Poloniex and HTX underline the urgency for improved security measures in the digital currency sector.

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Crypto losses decreased by 85% in October 2023

The crypto losses in October amounted to $51.6 million, an 85% decrease compared to September 2023. The crypto market in October 2023 suffered over 23 security incidents, such as hacker attacks, phishing scams, and rug pulls, resulting in a total…

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Hidden In Plain Sight: Why 85% Of Q3’s Crypto Biggest Scams Went Undetected

Blockchain security auditor Hacken recently revealed concerning insights into the proliferation of ‘rug pulls, a malicious tactic aimed at stealing funds from crypto users, and how they accounted for the majority of Q3 crypto scams.

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85% of crypto rug pulls in Q3 didn’t report audits: Hacken

A cryptocurrency rug pull is one of the simplest scams to prevent, according to blockchain security auditor Hacken.

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20 Rug Pulls in 8 Days: Avoid Assets Created by This Wallet

Series of rug pulls continues as only one address generated $150,000 worth of scams

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Crypto projects lose nearly $900M to hacks, exploits in Q3 – report

Crypto projects lost nearly $889 million to hacks, phishing scams, and rug pulls during the third quarter, blockchain security firm Beosin revealed in its Global Web3 Security Report. According to the report, crypto investors lost $282.

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Crypto scammers and hackers stole $889m in Q3 2023

In Q3 2023, the crypto industry lost $889.3 million to hacks, scams, and rug pulls, more than cumulative losses in H1

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Crypto Whale Suffers $24 Million Loss In Phishing Attack

The crypto space still presents risks like scams, hacks, rug pulls, etc. In another troubling event, a crypto whale lost over $24 million worth of assets in a massive phishing scam.  In this case, the victim address is regarded as a major liquidity provider on the Uniswap Decentralized Exchange (DEX), supplying over $1.6 million worth […]

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Magnate Finance’s $6.4M scammers linked to Solfire and Kokomo rug pulls

Magnate Finance rug pull is connected to Solfire and Kokomo Finance scams, blockchain sleuths say. The deployer address of the Base-based protocol was the same in the $4. 8 million and $5. 5 million scams respectively.

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Crypto Losses From Web3 Scams And Hacks Drop Dramatically In H1 2023

New data shows that crypto scam and hack losses in the first half of 2023 were down a whopping 75% from the same period last year. A recently released report by Beosin, a blockchain security firm, revealed that the total value of cryptocurrencies lost in scams, hacks, and rug pulls targeting Web3 platforms reached $656.61 […]

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$656M lost from crypto hacks, scams and rug pulls in H1 2023: Report

Approximately $215 million of stolen assets have since been recovered.

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Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

Over $45 million was lost to exit scams in May, while exploits on DeFi protocols racked up less than half that amount over the same period.

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Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls

Memecoins have come a long way from the early days of being joke cryptocurrencies.

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Just in: SAPR tokens worthless following $3M rug pull by Swaprum developers

Swaprum developers execute $3M heist Despite their anonymity nature, cryptocurrencies follow the principles of transparency and trust. Nonetheless, exit scams and hacks have been long-term challenges in this space.

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Pepe coin’s rise inspired a series of scam tokens

The rise of the Pepe coin (PEPE) has brought in a series of meme coin scams over the past few days, stealing thousands of US dollars from investors in a rug pull attempt. According to a recent tweet by the…

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Scam concerns for VAPOR investors as it is tied to JKDAO

On-chain sleuth ZachXBT has warned investors of VAPOR that the project is directly affiliated with JKDAO, who has been previously accused of executing rug pull scams on two projects. According to a tweet by ZachXBT on April 20, the VAPOR deployer transferred…

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Celebrity marketer Raichu accused of over 50 NFT scams

Celebrity marketer Raichu, who has collaborated with several celebrities and influencers, has been accused of participating in numerous rug pulls and pump-and-dump operations. 

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SEC Commissioner Reminds Industry Experts “What Crypto Is Really About” As Market Rebounds

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Crypto Markets Today: Bitcoin Ends Penultimate Week of (Awful) 2022 on Quiet Note

A year of steep declines in crypto markets brought another unwanted element – a dramatic increase in scams including “rug pulls.”

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Report reveals 12% of BNB Chain and 8% of ETH tokens are scams

Solidus Labs’ 2022 Rug Pull report revealed that 8% of all Ethereum (ETH) tokens and 12% of all BNB Chain tokens are rug pull scams. The post Report reveals 12% of BNB Chain and 8% of ETH tokens are scams appeared first on CryptoSlate.

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Research: $3.5bn lost to crypto scams in 2022

Crypto investors have lost almost $3.5bn to crypto scams and rug pulls in 2022 alone. According to a research report released by Privacy Affairs, the FTX collapse constitutes more than half of the figure. 2022: a year to forget for…

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Over 95% of tokens launched on Uniswap are scams – Research

About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .” The study undertaken by  Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its lack of regulation makes it easy for scammers to list […] The post Over 95% of tokens launched on Uniswap are scams – Research appeared first on CryptoSlate.

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Solidus Labs: BNB Chain Tops List of Crypto Scams and Rug Pulls

A recent investigation by Solidus Labs showed that crypto scams are more prevalent in the BNB Chain.

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BNB Chain Tops Crypto Scams and Rug Pull List: Research

Recent research by crypto risk monitoring firm Solidus Labs has taken a deep dive into the shady world of crypto scams. The findings do not bode well for BNB Chain. The post BNB Chain Tops Crypto Scams and Rug Pull List: Research appeared first on BeInCrypto.

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Most Crypto Scams on BNB Chain, Solidus Labs Says

Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020.

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NFT Watchdog Group Sees Its NFT Collection Exploited

Rug Pull Finder, an NFT watchdog group that seeks to prevent fraud, hacks, and scams in the non-fungible token space, has seen its own NFT project exploited. The post NFT Watchdog Group Sees Its NFT Collection Exploited appeared first on BeInCrypto.

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Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list

BNB Chain’s Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing.

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BNB Chain launches DApp platform with 'Red Alarm' to warn users about scams

DappBay's Red Alarm is a contract risk scanning tool that helps users identify high-risk projects to avoid rug pulls and frauds.

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Floyd Mayweather sums up everything that is wrong with crypto

Mayweather has connections to multiple rug pulls and scams The superstar boxer has purged… The post Floyd Mayweather sums up everything that is wrong with crypto appeared first on CoinJournal.

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Tron's [TRX] possible price recovery and how its closing in on BSC in terms of TVL

There is no gainsaying in denying the fact that this has not been a really good year for Decentralised Finance protocols (DeFi). Rug pulls, scams, hacks, exploits and failures of some of these protocoThe post Tron's [TRX] possible price recovery and how its closing in on BSC in terms of TVL appeared first on AMBCrypto.

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Zachxbt levies rug pull allegations against 4 Croatians connected to 9 NFT scams

In a new Twitter thread, blockchain detective Zachxbt has revealed the identities of four people allegedly connected to various Non-fungible token (NFT) rug pulls. The post Zachxbt levies rug pull allegations against 4 Croatians connected to 9 NFT scams appeared first on CryptoSlate.

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Investors lose $20 million in NFT rug-pull

Since the beginning of the year, we’ve reported about NFT scams supported by celebrities, and unfortunately, another multi-million dollar rug pull recently occurred in the NFT space The depressing scourge of NFT scams Writing this piece, it dawned on me that this is the fourth NFT rug pull I’m reporting on this year, and as […] The post Investors lose $20 million in NFT rug-pull appeared first on NFT News Today.

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Pair arrested for $1.1 million NFT scam

NFT-related scams have been on the rise lately; finally, authorities in the US arrested two over an alleged rug pull involving NFT assets. NFT Projects: Good or bad? More than once, we’ve witnessed NFTs being used as a tool to scam, steal, or launder money.

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How Lithium Ventures Leverages Overallocation For Improved Returns

The cryptocurrency space is growing at a rapid pace and keeping tabs on all the projects being launched could be a challenge for most investors. Most importantly, the crypto market has witnessed explosive growth in the number of scams and rug pulls.

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Avalanche-based protocol reportedly rug-pulled within hours of launch

Scams, rug pulls, hacks and exploits are all regular occurrences in the cryptocurrency industry, owing mostly to its anonymous, decentralized nature. Even though many verifications and registration reThe post Avalanche-based protocol reportedly rug-pulled within hours of launch appeared first on AMBCrypto.

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UAE to impose jail time, high fines on those promoting rogue cryptos and scams

Crypto scams, rug pulls and other such cybercriminal activities have continued to act as a major bane for the cryptocurrency industry that is still striving for mainstream acceptance. In just the prevThe post UAE to impose jail time, high fines on those promoting rogue cryptos and scams appeared first on AMBCrypto.

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$7 Billion in Total Losses: Reviewing the Biggest Crypto Scams of 2021

Over $7. 7 Billion was stolen by crypto-scammers in 2021. Rug pull scams top the list with over $2. 8 Billion. The majority of scams took the form of DeFi and DEX projects. A Chainalysis sneak-peek report into global crypto-crimes has revealed over $7.

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Rug pulls pushed this year’s crypto scam revenue over $7.7 billion, Chainalysis finds

Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed. The post Rug pulls pushed this year’s crypto scam revenue over $7.

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Relying On Data Analytics Can Help You Avoid Rug Pulls And Scams

A sizable portion of this world’s population has grown to love trading, buying and selling with all kinds of cryptocurrency assets as well as NFTs. This makes sense too as after all, who wouldn’t want to be a part of one of the fastest-growing industries of all time and earn a lot of money while doing so? However, with such popularity also comes the risk of investing in certain cryptocurrency projects which may turn out to be disingenuous and fraudulent.

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Insure Your Cryptocurrency Against Scams and Fraud with inSure DeFi

With the nature of cryptocurrency markets, there’s no way to stop scams and rug pulls. For many new crypto enthusiasts, one of their first experiences will be losing their cryptocurrency to a scam project.

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3 Awesome Meme Coins You Probably Haven’t Heard Of

With the absurdly high amount of different meme coin projects on the market, it’s hard to find decent tokens that aren’t complete scams, pump and dumps, or straight up “rug pulls.

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$342,526 was stolen from Creature Toadz NFT collection, but the 17-year old hacker returned the money in less than 6 hours

Like scams and rug pulls in the DeFi, the NFT market also experiences a few hacks every now and then. Last night, the Creature Toadz NFT collection got scammed by a hacker who used a phishing webhook to create an operational error in the discord server.

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Making DeFi mainstream: An interview with FEG token Marketing Manager Chris

Although the DeFi space is growing significantly, it still lacks mass adoption. Another issue faced is by novice users in the space who can fall prey to scams and rug pulls easily. FEG Token is buiThe post Making DeFi mainstream: An interview with FEG token Marketing Manager Chris appeared first on AMBCrypto.

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Crypto scams, DeFi hacks, and rug pulls: Why the crypto industry needs insurance tech

Your bags are gone.

The post Crypto scams, DeFi hacks, and rug pulls: Why the crypto industry needs insurance tech appeared first on CryptoSlate.

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Fraud alert! Hackers using SIM-swapping are stealing millions worth of crypto without victim’s knowledge

Rug pulls. Defi exploits. Pumps & Dumps.   You might have heard all such scams that repeatedly happen in the crypto space, leaving millions of users with worthless tokens. But have you ever heard of an attack that can steal your crypto funds using a SIM card? That’s right.

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The DApp List Completes $1.77 Million Funding Round Led By Notable Investors

The DApp List, a decentralized multi-chain ecosystem focused on eliminating crypto scams in the industry, has announced the completion of a $1. 77 million round of funding from notable investors to help free the cryptocurrency space from possible scams (rug pulls).

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TrustSwap DeFi Protocol Aims to Clean up the Crypto Space

TrustSwap opens its pitch by labeling the crypto industry as the ‘Wild West,’ specifically referencing Uniswap and its open listing nature. There are so many potential hazards associated with the decentralized exchange such as rug pulls, flawed smart contract code, liquidity leeching, and various other scams.

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Roundup of Decentralized Finance Sagas of 2020

From flash loan exploits to rug pulls to scams, hacks, and crypto tribalism, 2020 has had its fair share of DeFi scandals, sagas, and soap operas. We’ll recap the biggest ones here and take a look into what may be in store for the sector in 2021.

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