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Hong Kong police investigates Hounax exchange for alleged rug pull 

Hong Kong Police and SFC investigate Hounax, a non-licensed crypto exchange, after receiving 145 reports of fraud. Following the arrest of several individuals linked to the JPEX cryptocurrency fraud, another Hong Kong-based virtual asset trading platform, Hounax, has experienced a rug pull. According to local reports, the Hong Kong Police

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Blockchain developers must pull crypto out of its money laundering peril

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A recent landmark report from Elliptic revealed an eye-popping $7 billion in illicit crypto assets has been laundered through cross-chain services. What does that actually mean? Essentially,

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Rug pull feared as Safereum devs reportedly unlock and dump native token

The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising.According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address

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Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC

Street vendors abound in downtown Manhattan’s Financial District. But weeks ago, on Sept. 14, an especially unconventional seller set up shop in front of the United States Securities and Exchange Commission (SEC), transforming a patch of Maiden Lane into a colorful quilt of doormats, each spray painted with the straightforward

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CBDCs could support a more stable economy — if banks pull the strings

Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial institutions such as the World Bank and International Monetary Fund have

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