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OM Token’s Sudden Plummet Stirs Rug Pull Fears, Mantra Blames ‘Sudden Liquidation’
Mantra Blockchain’s OM token suffered a sharp price drop over the weekend, which the team attributed to reckless liquidations, dismissing speculation of a hack or rug pull. The token fell by 90 percent in value from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community.
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Libra Memecoin Backed by Argentina's President Javier Milei Sparks Rug Pull Concerns: All Details
Argentina's President Javier Milei promoted the Libra memecoin on his official X account last Friday. Within hours of launch, its value skyrocketed and then crashed, sparking rug-pull accusations across social media.
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Instagram Gets Rid of ‘Annoying’ Automatic Feed Refreshing When App is Opened
Instagram is implementing a change for the removal of a feature that was long been considered annoying by users, the company head has confirmed via social media. From now on, the social media platform’s feed will not automatically refresh when the app is opened after a period of brief inactivity, enabling the user to see the posts which first app...
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Creator of Mutant Ape Yacht Club NFT Knock-Offs Pleads Guilty of Rug Pull, Theft
Aurelien Michel, the developer behind NFT collection named the ‘Mutant Ape Planet’ series, has pleaded guilty to defrauding innocent members of the crypto community. Michel was luring-in investors to purchase his fake Mutant Apes-inspired NFT pieces before he abandoned the project all together.
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Pepe Coin Frenzy Turns to Fear After Anonymous Developers Make Changes to Wallet, Transfer Tokens: Report
The Pepe Coin frenzy is now turning into fear fest after its anonymous developer team moved $15 million (roughly Rs. 123 crore) worth of tokens into centralised exchanges. The team also suspiciously reduced the number of signatures required to process PEPE transactions from five to two, leading to concerns among the PEPE community.
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PayPal’s Stablecoin Launch Opens Floodgates for Scam Tokens; Here’s How to Identify Real PYUSD
Over 30 pairs of scam tokens copying PayPal’s PYUSD stablecoin have been spotted by crypto analysts in the last few hours. Fake cryptocurrencies are most commonly used by scammers to perform rug pull and honeypot types of crypto scams, leaving investors and customers high and dry.
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Pepe Coin: New Memecoin on the Block Gets Instant Rise, Elon Musk’s Nudge Despite Shady Redflags
The launch of the Pepe Coin breathed life back into the memecoin category of cryptocurrencies, that had remained flat with Dogecoin and Shiba Inu consistently trading lowly. The newly launched token, inspired by meme-popular ‘Pepe-the-Frog' character, registered a 7,000 percent hike in the first seventeen days of its launch. The discreet birth of...
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KuCoin Awaits Legal Notice to Freeze Assets of Crypto Rug Pull Scammer: Details
KuCoin, the Seychelles-based crypto exchange, has decided to not freeze the assets of this user whose name remains undisclosed, unless a law enforcement agency sends over a legal notice instructing the exchange to do so. In its justification for delaying the blocking of assets linked to this scammer, KuCoin has said it will follow the laws of Seych...
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DeFi Platform Kokomo Finance Mysteriously Vanishes from Public Domain, $4 Million Rug Pull Suspected: Reports
DeFi platform Kokomo Finance has mysteriously disappeared from all social networking platforms, stirring fear and concerns among the crypto community members that had funds linked to the service. The platform was built on the Optimism Layer-2 blockchain built by Ethereum developers.
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Over 117,620 Scam Tokens Launched Into Crypto Market in 2022; Binance, Ethereum Most Used for Fraud: Report
This year, over 117,620 scam tokens were launched into the global crypto market that managed to dupe several people of their hard-earned funds, Solidus Labs, a crypto trade research organisation said in its latest ‘Rug Pull Report’. Binance’s BNB Chain and Ethereum have respectively emerged as the two blockchains, most used by fraudsters to h...
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CNN Announces Abrupt Shutdown of 'Vault' NFT Marketplace, Users Call It a 'Rug Pull'
Multinational news broadcaster CNN has announced the abrupt shuttering of Vault by CNN, the company’s non-fungible token (NFT) marketplace that was originally launched in June 2021.
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Rug Pull Alert: SudoRare NFT Marketplace Shuts Shop Within Six Hours of Launch
The creators of SudoRare NFT marketplace shut their operations after only six hours of launching the platform. Around $850,000 (roughly Rs. 68 lakh) were reeled-in before the Twitter handle of SudoRare also went defunct.
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Ukraine War Pulls Rug Out From Under World Economy Rebound
This year was supposed to confirm the world economy's comeback from the Covid pandemic crisis. Instead, the six-month-old war in Ukraine has sparked fears of recession.
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"Looking For An Eknath Shinde": Chirag Paswan's Dig At BJP, Nitish Kumar
Former Lok Janshakti Party chief Chirag Paswan on Sunday alleged that JD(U) and its ally BJP were in search of "their own Eknath Shinde" who could pull the rug from under the feet of his own party to benefit the rival.
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New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
-
OM Token’s Sudden Plummet Stirs Rug Pull Fears, Mantra Blames ‘Sudden Liquidation’
Mantra Blockchain’s OM token suffered a sharp price drop over the weekend, which the team attributed to reckless liquidations, dismissing speculation of a hack or rug pull. The token fell by 90 percent in value from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community.
-
Libra Memecoin Backed by Argentina's President Javier Milei Sparks Rug Pull Concerns: All Details
Argentina's President Javier Milei promoted the Libra memecoin on his official X account last Friday. Within hours of launch, its value skyrocketed and then crashed, sparking rug-pull accusations across social media.
-
Instagram Gets Rid of ‘Annoying’ Automatic Feed Refreshing When App is Opened
Instagram is implementing a change for the removal of a feature that was long been considered annoying by users, the company head has confirmed via social media. From now on, the social media platform’s feed will not automatically refresh when the app is opened after a period of brief inactivity, enabling the user to see the posts which first app...
-
Creator of Mutant Ape Yacht Club NFT Knock-Offs Pleads Guilty of Rug Pull, Theft
Aurelien Michel, the developer behind NFT collection named the ‘Mutant Ape Planet’ series, has pleaded guilty to defrauding innocent members of the crypto community. Michel was luring-in investors to purchase his fake Mutant Apes-inspired NFT pieces before he abandoned the project all together.
-
Pepe Coin Frenzy Turns to Fear After Anonymous Developers Make Changes to Wallet, Transfer Tokens: Report
The Pepe Coin frenzy is now turning into fear fest after its anonymous developer team moved $15 million (roughly Rs. 123 crore) worth of tokens into centralised exchanges. The team also suspiciously reduced the number of signatures required to process PEPE transactions from five to two, leading to concerns among the PEPE community.
-
PayPal’s Stablecoin Launch Opens Floodgates for Scam Tokens; Here’s How to Identify Real PYUSD
Over 30 pairs of scam tokens copying PayPal’s PYUSD stablecoin have been spotted by crypto analysts in the last few hours. Fake cryptocurrencies are most commonly used by scammers to perform rug pull and honeypot types of crypto scams, leaving investors and customers high and dry.
-
Pepe Coin: New Memecoin on the Block Gets Instant Rise, Elon Musk’s Nudge Despite Shady Redflags
The launch of the Pepe Coin breathed life back into the memecoin category of cryptocurrencies, that had remained flat with Dogecoin and Shiba Inu consistently trading lowly. The newly launched token, inspired by meme-popular ‘Pepe-the-Frog' character, registered a 7,000 percent hike in the first seventeen days of its launch. The discreet birth of...
-
KuCoin Awaits Legal Notice to Freeze Assets of Crypto Rug Pull Scammer: Details
KuCoin, the Seychelles-based crypto exchange, has decided to not freeze the assets of this user whose name remains undisclosed, unless a law enforcement agency sends over a legal notice instructing the exchange to do so. In its justification for delaying the blocking of assets linked to this scammer, KuCoin has said it will follow the laws of Seych...
-
DeFi Platform Kokomo Finance Mysteriously Vanishes from Public Domain, $4 Million Rug Pull Suspected: Reports
DeFi platform Kokomo Finance has mysteriously disappeared from all social networking platforms, stirring fear and concerns among the crypto community members that had funds linked to the service. The platform was built on the Optimism Layer-2 blockchain built by Ethereum developers.
-
Over 117,620 Scam Tokens Launched Into Crypto Market in 2022; Binance, Ethereum Most Used for Fraud: Report
This year, over 117,620 scam tokens were launched into the global crypto market that managed to dupe several people of their hard-earned funds, Solidus Labs, a crypto trade research organisation said in its latest ‘Rug Pull Report’. Binance’s BNB Chain and Ethereum have respectively emerged as the two blockchains, most used by fraudsters to h...
-
CNN Announces Abrupt Shutdown of 'Vault' NFT Marketplace, Users Call It a 'Rug Pull'
Multinational news broadcaster CNN has announced the abrupt shuttering of Vault by CNN, the company’s non-fungible token (NFT) marketplace that was originally launched in June 2021.
-
Rug Pull Alert: SudoRare NFT Marketplace Shuts Shop Within Six Hours of Launch
The creators of SudoRare NFT marketplace shut their operations after only six hours of launching the platform. Around $850,000 (roughly Rs. 68 lakh) were reeled-in before the Twitter handle of SudoRare also went defunct.
-
Ukraine War Pulls Rug Out From Under World Economy Rebound
This year was supposed to confirm the world economy's comeback from the Covid pandemic crisis. Instead, the six-month-old war in Ukraine has sparked fears of recession.
-
"Looking For An Eknath Shinde": Chirag Paswan's Dig At BJP, Nitish Kumar
Former Lok Janshakti Party chief Chirag Paswan on Sunday alleged that JD(U) and its ally BJP were in search of "their own Eknath Shinde" who could pull the rug from under the feet of his own party to benefit the rival.
-
New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
