rug pull

A renowned Argentine lawyer has officially called for the international arrest of the cryptocurrency entrepreneur allegedly involved in the LIBRA token scandal. What Happened: Gregorio Dalbon, who previously represented former Argentine President Cristina Fernandez in a corruption case,...

The scandal-plagued LIBRA token saw approximately $99 million worth of invested liquidity withdrawn by entities tied to the cryptocurrency’s creator, according to a media report on Wednesday. What Happened: Blockchain research firm Chainalysis discovered that eight cryptocurrency...

While NBA legend Dwight Howard boasts a successful 20-year career on the court, his foray into the world of cryptocurrencies has been less glamorous. His attempt to launch an NFT collection "Ballers by Dwight Howard," faced accusations of being an alleged "rugpull"...

Blockchain security firm Blockfence recently uncovered an intricate scam method that has defrauded over 42,000 victims of more than $32 million since April 2023. What Happened: Blockfence head of security research Pablo Sabbatella detailed in a Jan. 18 report how scammers successfully evaded...

Crypto-native trade surveillance and risk monitoring firm Solidus Labs on Tuesday identified $2 billion worth of wash trades on Ethereum (CRYPTO: ETH)-based decentralized exchanges (DEXs) since 2020. This alarming revelation underscores the challenges and vulnerabilities present in the rapidly...

Faruk Fatih Özer, the CEO of the now-defunct Turkish crypto exchange Thodex, has been captured by authorities in Albania and is likely to be extradited to Turkey, as confirmed by Turkey's Interior Ministry. Before ceasing its operations unexpectedly in April 2021, Thodex was among Turkey...

The rise of meme coins has brought a new twist to the world of digital assets. This particular class of cryptocurrency, inspired by internet memes, are created for fun and have no fundamental value. The most famous meme coins are Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which have...

The U.S. Justice Department has formally charged two people with money laundering and fraud related to a “rug pull” that occurred with the launch of a non-fungible token collection. What Happened: The Justice Department is charging Ethan Nguyen (aka Frostie) and Andre Llacuna (aka...