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In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossible feat for centralized police forces. However, in an interview with Cryptox, an anonymous cyber vigilante shares insights
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In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a leading cybersecurity ranking platform in the blockchain space, issued
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Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them. It has raised concern among investors who believe that the market
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In June 2021, an investor lost RMB 590,000 that he had invested in a crypto token, when the project owners siphoned the money, shut down the website, and were unreachable, Chizhou police said. Hundreds of investors lost RMB 50 million in the scam, the post said. Original Source
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BSC-based yield farming protocol Arbix Finance was identified by blockchain security company Certik as a rug pull. According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm cites that the ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted
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Blockchain security company PeckShield has alerted investors of a possible rug pull event after identifying a massive 46.99% price drop on MetaSwap’s MGAS token. The MetaSwap protocol allows nonfungible token (NFT) swaps over the Ethereum, Binance and Polygon blockchains.Following the unexpected price drop, all official accounts linked with Metaswap Gas
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Thodex was the only ‘centralized’ rug pull on the list, with all others belonging to the decentralized finance (DeFi) category. DeFi projects rely on smart contracts for offering financial services, such as trading, lending, or borrowing, to users. Source
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In our latest in-depth video, Cointelegraph shares six key tips on how to increase one’s safety when investing in decentralized finance (DeFi) by identifying rug pulls — one of the most widespread types of crypto scams.Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx
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Bitcoin’s price plummeted over 10% on early Tuesday, as El Salvador announced that it would officially accept the major cryptocurrency as the nation’s legal tender. According to CoinMarketCap, Bitcoin’s slump from Monday accelerated as the crypto failed to hold its $50,000 price level — sliding from $51,000 to $44,700 within a
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You could literally hear the Bitcoin (BTC) hodlers cheering from the rooftops as the world's largest whale publically entered the market this week.But as Bitcoin screamed toward $50,000, altcoin hodlers looked on in horror as their portfolios began shrinking in terms of BTC. However, the Elon pump has possibly created
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