rug pulls


Finance

Hacks, Rug Pulls Cost BNB Chain $1.6B Since Inception: Immunefi

The blockchain remains the primary target for bad actors performing rug pulls.

BNB Chain Ethereum comparison (Immunefi)

Web3

Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Culture

Behind every PFP with thousands of followers on Twitter is a person. And in Web3, it’s not always best to trust one person’s word on whether or not to mint into an NFT collection.

Pixel Penguins (OpenSea)

Finance

Bitcoin Pizza Day Turns Sour as Meme Coin Shysters Profit Over $200K in Rug Pulls

Meme coin traders poured capital into several pizza-related tokens on Monday as rug pulls put a dampener on the anniversary of the first purchase made with bitcoin.

(Ivan Torres/Unsplash)

Tech

DEX Merlin and CertiK Plan to Compensate $2M to Users Impacted in Rug Pull

A rogue developer behind the hyped launch allegedly conducted the rug pull on Wednesday.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Web3

Soulja Boy Has Reportedly Been Cranking Out Promotions for Scam NFT Projects

Research done by internet sleuth ZachXBT indicates that the "Crank That" rapper has promoted dozens of NFT projects on social media, some of which turned out to be rug pulls.

(Taylor Hill/Getty Images)

Consensus Magazine

$119M in Stolen Crypto So Far in 2023, NFT Rug Pulls on the Rise: Crystal Blockchain

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

Computer Hacking Hackers (Shutterstock)

Web3

Friendsies NFT Collection Deletes Twitter After 'Pause' Announcement Spurs Rug Pull Accusations

Twitter users also called out several prominent NFT influencers for hyping the project, which raised millions from its initial drop.

(OpenSea)

Learn

6 Kinds of Crypto Scams and How to Avoid Them

Crypto hacks and exploits have cost people billions of dollars each year. Here’s how to make sure you’re not among them.

(DALL-E/CoinDesk)

Finance

Defrost Finance Says Hacked Funds Have Been Returned

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

(Shutterstock)

Finance

Defrost Finance Hacked in Attack Some Say May Have Been a Rug Pull

The total value of funds locked on the protocol had dropped to less $93,000 on Sunday from about $13 million, Defi Llama data shows.

(Shutterstock)

Pageof 2