Rug Pull Financial News

28.05 / 02:33

Blockchain Ethereum Twitter Binance CEO USDT Platform Rug Pull analyst Crypto Analyst Warns of Alleged $31.6 Million Rug Pull by Fintoch

ZachXBT, a renowned crypto analyst, recently alerted his followers on Twitter about a probable exit scam by the team behind Fintoch. According to the analyst, the team appears to have absconded with 31.6 million USDT on the Binance Smart Chain (BSC) after the funds were transferred to several addresses on Tron and Ethereum blockchains.

20.05 / 02:03

Blockchain DEX Scams Arbitrum Rug Pull Customer $3M worth of customer funds swiped via alleged Swaprum DEX rug pull

Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform.

04.05 / 11:15

defi Altcoin Scams Reddit Rug Pull WallStreetBets mod dumps memecoin worth $635K in alleged rug pull

A moderator of the popular trading subreddit r/WallStreetBets has dumped a large portion of the WSB Coin (WSB), a token project that claims to be the official memecoin of Wall Street Bets.

24.04 / 20:13

Ethereum defi Bitcoin Rug Pull Ordinals Finance has conducted a $1M rug pull: CertiK

Ordinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that allows users to lend and borrow inscriptions, has been accused of performing an exit scam, also known as a "rug pull."

08.04 / 08:03

Blockchain Ethereum Lowe's Target Rug Pull BNB Chain Dominates Q1 2023 Rug Pull Scams

In the first quarter of 2023, BNB Chain has been identified as the network with the highest percentage of rug pull scams, according to a report by blockchain security firm Immunefi. The report, titled “Crypto Losses in Q1 2023,” investigated a variety of crypto hacks and scams in the first quarter of the year. It found that BNB Chain saw 73.3% of all rug pulls in the crypto ecosystem, with Ethereum coming in second at 26.7%.

22.02 / 05:01

Twitter NFT Tokens Crypto Collectibles Opensea Rug Pull Friendsies NFT creators deny 'abandoning' project amid rug pull allegations

Nonfungible token (NFT) collection Friendsies has refuted claims it is “abandoning” its NFT project following a tsunami of “rug pull” accusations aimed at its founders.

28.12 / 07:21

defi Hackers hacks Scams Rug Pull Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull

Defrost Finance, the decentralized trading platform that suffered a $12 million exploit leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit scam.”

25.10 / 14:29

security scam Fraud community Crypto Staking Rug Pull Withdrawals $160 Million Rug Pull? – Crypto Staking Platform Freeway Halts Withdrawals Citing ‘Unprecedented Volatility’

UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility - but some argue that this is in fact a rug-pull.

05.09 / 06:23

business Hackers Social Media Trading Rug Pull NFT watchdog Rug Pull Finder gets its own NFT giveaway exploited

In an ironic twist, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog focused on identifying Web3-based fraud has fallen victim to a smart contract exploit of its own.

31.08 / 10:45

Crime Hack security Gaming Rug Pull Exploit Another DeFi Exploit, GameFi Rug Pull, and Accidently Closed Exchange - Beware of Risks in Crypto

08.08 / 13:37

Ethereum Platform CoinMarketCap Santiment Rug Pull The true implications of a Polygon-based game losing it all in a rug pull

Polygon, a decentralised Ethereum scaling platform, saw significant traction in 2022. This was the case, especially ahead of the much-anticipated Ethereum Merge. In fact, dominant buyers too have clamped down on the native token, sensing opportunity.

05.07 / 14:33

business Altcoin investigation Rug Pull Backed Bollywood A-lister-backed GARI token plunge sparks rug pull rumors

The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, caught up to GARI token as it tanked over 83% in value in a matter of hours on June 4. While GARI Network brushed off the development as a “market event,” investors suspect a rug pull event.

20.05 / 07:55

Blockchain Stablecoin Tether Bitfinex Terra Rug Pull Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’

Tether and Bitfinex CTO Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, but was simply “poorly designed.”

21.04 / 02:53

UPS Action Santiment Rug Pull APE: Volume, whales, sentiment- Decoding rug pull theory’s authenticity

As the market turned green, many coins and tokens saw a gentle 24-hour recovery – nothing too dramatic or drastic. However, one token shot to high heaven even as those watching scratched their heads and wondered what kind of monkey business was going on.

11.02 / 15:07

Altcoins Trading coinbase scam Rug Pull Coinbase Pulls Buying Instructions for Three Coins Amid Rug Pull Warnings

US crypto exchange Coinbase has decided to scrap 'how to buy' instructions for a minimum of three crypto tokens following the emergence of rug pull warnings indicating that investors’ cybersecurity and funds were in danger.

11.02 / 11:11

cryptocurrency coinbase crypto news Bitcoin Rug Pull Coinbase removes cryptocurrency links after 'rug pull' warnings

Coinbase Global has removed 'how to buy' instructions for at least three crypto tokens which have been the subject of 'rug pull' warnings that investors may lose their money, saying on Thursday it plans to improve safeguards. Jaclyn Sales, a spokesperson for Coinbase, said the links were removed from the cryptocurrency exchange's website after they were brought to its attention this week by Reuters. There would also be an upgrade in safeguards on its auto-created webpages, she said. Nasdaq-listed Coinbase features pages offering tips on investing in tokens and the pages in question were informational rather than making them available to trade on its app or wallet.

11.02 / 09:09

cryptocurrency CoinMarketCap coinbase Rug Pull 'Rug Pull' Warnings: Coinbase Removes 'How To Buy' Links For 3 Crypto Tokens

Coinbase features pages offering tips on investing in tokens.

03.02 / 00:35

Blockchain defi Scams Fraud Rug Pull youtuber Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull

On Wednesday, American Youtuber and "internet detective" Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul "Ice Poseidon" Denino. During the session, Denino allegedly confirmed that he made off with $750k worth of his investors' money through rug pulling a crypto project dubbed "Cxcoin."

30.01 / 09:01

Blockchain Police Rug Pull Cyber Cyber vigilante hunts down DeFi scammers running away with $25M rug pull

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.

29.01 / 01:03

business Blockchain Technology defi Rug Pull CertiK's identification of Crypto Cars as 'rug pull' was a false alarm

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 a warning via Twitter regarding CryptoCars, alleging that it was a "rug pull." However, the staff quickly deleted the post as it was a false alarm.

18.01 / 11:33

Blockchain Scams Police Rug Pull Chinese police unearth multi-million dollar DeFi rug pull

Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it.

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