Rug Pull


Finance

Crypto Investors Lost Over $500M in Memecoin Rug Pulls and Scams in 2024

The majority of scams involved gaining access to notable people's social media accounts through social engineering.

Hacker (Towfiqu Barbhuiya/Unsplash)

Finance

Memecoin Creators Hop on U.S. Election Mania With Thousands of New Tokens

More than 1,000 memecoins related to the U.S. presidential election have been issued on Solana in the past 24 hours.

New meme coin narrative emerges (Darren Halstead/Unsplash)

Policy

U.S. Charges Three in Connection With Evolved Apes NFT Scam

Evolved apes was a $3 million NFT rug pull that lured investors in with the promise of developing a video game.

Oklahoma's new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining (Unsplash)

Finance

Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi

The figures show a decrease in hacking activity since 2022 and 2023.

Hacker (Towfiqu Barbhuiya/Unsplash)

Finance

Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK

The OrdiZK website and social media accounts are also offline.

OrdiZK appears to have suffered a rug pull. (Clint Patterson/Unsplash)

Markets

Blast Ecosystem Sees First Apparent Scam as 'RiskOnBlast' Rug Pulls $1.3M Ether

Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors. Blast separately said it's aiming for a mainnet launch on Feb. 29.

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)

Policy

'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud

French developer Aurelien Michel pleaded guilty in U.S. federal court and agreed to pay $1.4M, according to prosecutors.

One of the developers behind the "Mutant Ape Planet" rug pull has pleaded guilty to fraud. (Jesse Hamilton/CoinDesk modified by Photomosh.com)

Markets

BALD Token Plunges 90% as Developer Pulls Liquidity

BALD launched a little over 24 hours ago and has attracted massive hype - and millions in capital - to Base blockchain.

(Jp Valery/Unsplash)

Tech

Chibi Finance Rug Pulls Users for $1M, CHIBI Falls 98%

CHIBI tokens dropped 98% in the past few hours.

Revolut's customer data was compromised by a phishing attack. (Shutterstock)

Policy

US Justice Dept. Charges 2 in NFT 'Rug Pull' Scheme

"They pulled the rug out from under the victims," U.S. Attorney Damian Williams said of the creators of the Frosties NFT collection.

(Samuel Corum/Bloomberg via Getty Images)

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