rugpull
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Based on on-chain data, the Arbi rug pullers stole roughly 84 ETH from the project and already moved it to Tornado Cash.
🖇️ cryptoslate
#crypto2023 #rugpull #dyor #arbitrum
🖇️ cryptoslate
#crypto2023 #rugpull #dyor #arbitrum
A study has revealed that in the third quarter of 2023, there were a total of 117 hacks, resulting in the theft of $720 million. These attacks included access control breaches, reentrancy #exploits , and rug pulls. Notably, while the losses stemming from rug-pull incidents amounted to $49.80 million, they were considerably lower than the $449 million lost due to access control breaches and reentrancy attacks. However, the study data indicates that #rugpull incidents were the most common type of #cyberattack during this period.
Scammer steals $743k in fake Linea token rug pull
#cryptonews #CryptoTalks
A new rug pull scam sees users lose several thousands of dollars to a fake Linea token project.
Blockchain security analyst Certik identified a latest rug pull scam, as a fake Linea token project that scammed users out of nearly $743,000. Victims have stated that the scam was potentially conducted by a Russian user named ‘AltLex,’ who was promoting the token on social media.
#CertiKSkynetAlert 🚨
We have seen an exit scam on a fake Linea token
Eth: 0x00000000fEB6A772307C6aA88AB9D57b209aCb18
~$743k has been deposited into Tornado Cash
Victims report that the token was promoted by an individual with the username AltLexhttps://t.co/Rt3u1jV4ft
— CertiK Alert (@CertiKAlert) October 25, 2023
The scammer allegedly used a honeypotting technique, luring users away from the legitimate Linea token, which is an Ethereum scaling network. The scammer later deposited the entire amount to crypto mixer Tornado Cash, which has been recently accused of allowing criminals and North Korean hackers to launder millions of dollars worth of stolen crypto.
This is a developing story; more details will be added as they are revealed.
#scam #rugpull #trending
#cryptonews #CryptoTalks
A new rug pull scam sees users lose several thousands of dollars to a fake Linea token project.
Blockchain security analyst Certik identified a latest rug pull scam, as a fake Linea token project that scammed users out of nearly $743,000. Victims have stated that the scam was potentially conducted by a Russian user named ‘AltLex,’ who was promoting the token on social media.
#CertiKSkynetAlert 🚨
We have seen an exit scam on a fake Linea token
Eth: 0x00000000fEB6A772307C6aA88AB9D57b209aCb18
~$743k has been deposited into Tornado Cash
Victims report that the token was promoted by an individual with the username AltLexhttps://t.co/Rt3u1jV4ft
— CertiK Alert (@CertiKAlert) October 25, 2023
The scammer allegedly used a honeypotting technique, luring users away from the legitimate Linea token, which is an Ethereum scaling network. The scammer later deposited the entire amount to crypto mixer Tornado Cash, which has been recently accused of allowing criminals and North Korean hackers to launder millions of dollars worth of stolen crypto.
This is a developing story; more details will be added as they are revealed.
#scam #rugpull #trending
Crypto Whirlwind: Mysterious #JULIA Token Plummets 100% in Epic Swap! 🚀💼💰
🚨 Crypto Drama Unveiled! A Mysterious Swap 🌪️
👇
In a whirlwind of events, Julia (JULIA) on #Ethereum has experienced a jaw-dropping -100% drop! 😱
🔄 Hold on tight as 0x948B...95b9 performs an extraordinary move by swapping a whopping 9,999,999,999,999 $JULIA tokens for approximately 43 $ETH , amounting to a staggering ~73,000! 💼💸
📝 Important Note: It's crucial to be aware that this #rugpull token shares the same name as its legitimate counterpart, adding an unexpected twist to the crypto narrative.
🌐 Stay informed and vigilant in the #crypto universe! Please note that this information is provided for your awareness and doesn't constitute financial advice. Keep an eye out for more thrilling crypto revelations! 🚀🌟🌐
🙏 a small LIKE & FOLLOW , motivates me a LOT ❤️
🚨 Crypto Drama Unveiled! A Mysterious Swap 🌪️
👇
In a whirlwind of events, Julia (JULIA) on #Ethereum has experienced a jaw-dropping -100% drop! 😱
🔄 Hold on tight as 0x948B...95b9 performs an extraordinary move by swapping a whopping 9,999,999,999,999 $JULIA tokens for approximately 43 $ETH , amounting to a staggering ~73,000! 💼💸
📝 Important Note: It's crucial to be aware that this #rugpull token shares the same name as its legitimate counterpart, adding an unexpected twist to the crypto narrative.
🌐 Stay informed and vigilant in the #crypto universe! Please note that this information is provided for your awareness and doesn't constitute financial advice. Keep an eye out for more thrilling crypto revelations! 🚀🌟🌐
🙏 a small LIKE & FOLLOW , motivates me a LOT ❤️
This Cryptocurrency Plunges by 90%: Rug Pull?
#cryptonews #crypto2023
Despite the ongoing bullish condition of the cryptocurrency market, some crypto assets are on a downfall. One of them, named CryptoPawCoin (CPRC), leads the pack, being approximately 90% down for the past 24 hours (per CoinGecko’s data).
The token, which saw the light of day earlier this month, made the headlines in mid-October when its price exploded by almost 700%. However, some might have doubted its legitimacy due to various reasons, including the fact that CoinMarketCap did not initially add it to its platform.
Moreover, the information about CPRC seems to be scarce. According to its official website, the coin is a “revolutionary cryptocurrency project that merges cutting-edge blockchain technology with a fervent commitment to animal welfare.”
“By creating a transparent, efficient, and accountable platform, CPRC aims to transform the way we support animal shelters, rescue organizations, and wildlife conservation efforts,” the team added.
It remains unclear whether the price crash is a consequence of a rug pull, a type of fraud where the people behind a certain project run with investors’ funds by selling or draining its liquidity
#CryptoTalks #scam #rugpull
#cryptonews #crypto2023
Despite the ongoing bullish condition of the cryptocurrency market, some crypto assets are on a downfall. One of them, named CryptoPawCoin (CPRC), leads the pack, being approximately 90% down for the past 24 hours (per CoinGecko’s data).
The token, which saw the light of day earlier this month, made the headlines in mid-October when its price exploded by almost 700%. However, some might have doubted its legitimacy due to various reasons, including the fact that CoinMarketCap did not initially add it to its platform.
Moreover, the information about CPRC seems to be scarce. According to its official website, the coin is a “revolutionary cryptocurrency project that merges cutting-edge blockchain technology with a fervent commitment to animal welfare.”
“By creating a transparent, efficient, and accountable platform, CPRC aims to transform the way we support animal shelters, rescue organizations, and wildlife conservation efforts,” the team added.
It remains unclear whether the price crash is a consequence of a rug pull, a type of fraud where the people behind a certain project run with investors’ funds by selling or draining its liquidity
#CryptoTalks #scam #rugpull
hahaha
have you seen the magic
#BTC
#rugpull #correction
I knew it it was gonna happen , the movement was un-natural
the chart , the calculation all were against btc
charts and whales contribution both equally matters
but this is whale's shit
whales only motive is increasing price and take profit and leave the market in bleeding
now let's wait
my instinct says it will go just a little up for the last time then it will fall more
I have suggested some coins earlier
pick those in spot when another correction hits
correction will be early
#dyor
happy investing
not trading
have you seen the magic
#BTC
#rugpull #correction
I knew it it was gonna happen , the movement was un-natural
the chart , the calculation all were against btc
charts and whales contribution both equally matters
but this is whale's shit
whales only motive is increasing price and take profit and leave the market in bleeding
now let's wait
my instinct says it will go just a little up for the last time then it will fall more
I have suggested some coins earlier
pick those in spot when another correction hits
correction will be early
#dyor
happy investing
not trading
Key points about the #Uniswap employee's involvement in a #memecoin incident:
- **Rug Pull Incident:** An individual associated with Uniswap was accused of effectively performing a rug pull on a memecoin called FrensTech.
- **Founder's Response:** Uniswap founder Hayden Adams confirmed that the person responsible for the #rugpull is no longer part of the company, stating that such behavior is not supported or condoned.
- **Identity of Developer:** The developer behind the incident, known as AzFlin on Twitter and GitHub, is identified as Allen Lin, a smart contract engineer at Uniswap since July 2022.
- **Base and Hop Protocol:** AzFlin deployed the FrensTech memecoin on the #Base platform and then moved 14 ETH (around $25,900) off Base using the cross-chain #protocol Hop.
- **Liquidity Removal and Sale:** The developer removed liquidity added from fees and sold the tokens he removed from liquidity, causing concern among the community.
- **Employment Status Change:** AzFlin changed their username on X to include "(unemployment arc)" after the incident and joked about gaining Crypto Twitter villain status.
- **No Immediate Comment:** AzFlin has not responded to requests for comment regarding the incident.
$UNI $BNB $ETH
- **Rug Pull Incident:** An individual associated with Uniswap was accused of effectively performing a rug pull on a memecoin called FrensTech.
- **Founder's Response:** Uniswap founder Hayden Adams confirmed that the person responsible for the #rugpull is no longer part of the company, stating that such behavior is not supported or condoned.
- **Identity of Developer:** The developer behind the incident, known as AzFlin on Twitter and GitHub, is identified as Allen Lin, a smart contract engineer at Uniswap since July 2022.
- **Base and Hop Protocol:** AzFlin deployed the FrensTech memecoin on the #Base platform and then moved 14 ETH (around $25,900) off Base using the cross-chain #protocol Hop.
- **Liquidity Removal and Sale:** The developer removed liquidity added from fees and sold the tokens he removed from liquidity, causing concern among the community.
- **Employment Status Change:** AzFlin changed their username on X to include "(unemployment arc)" after the incident and joked about gaining Crypto Twitter villain status.
- **No Immediate Comment:** AzFlin has not responded to requests for comment regarding the incident.
$UNI $BNB $ETH
$PDA what have i told you guys? Developers are dumping their bags. The last 2 days more than 80 millions PDA were deposited from Upbit wallet or dev wallet to Binance, and PDA suffered a heavy dump.
#rugpull
#ScamDump
#stopthescam
Look at the figures, don’t invest with your emotion.
#rugpull
#ScamDump
#stopthescam
Look at the figures, don’t invest with your emotion.
$WIF Look at their telegram, a lot of transactions daily, mainly people who believes their $1, 000-$100, 000 will become millions.
Now, focus on what will happen to their funds.
#rugpullalert #rugpull #warning
Now, focus on what will happen to their funds.
#rugpullalert #rugpull #warning
Trending
How to detect rug pull
How to detect a rug pull
There are several ways to detect a rug pull. Some of which will be mentioned here.
Like and Share
Thread 🧵
Four ways to Detect #rugpull
▪When developers are making money
▪The project arose out of nowhere
▪Developers that choose to remain anonymous
▪Liquidity issues
◾️When developers are making money
Although this may not seem to be a fraud in a free market, it qualifies as such if the initiative was developed solely for this goal.
malevolent developer, as in the previous two frauds, builds a project with an exaggerated value proposition.
The project arose out of nowhere 👀
◾️Rug pulls seem to appear out of nowhere, while legitimate cryptocurrencies and DeFi initiatives take years to build.
These phony enterprises are often backed by a lot of hype, leveraging on currently prevalent cultural memes.
Developers that choose to remain anonymous
When the dev refuse to show his / her self
The project meant be #Rugpull
Founder meant be scared not to get catch 🤦🏽♂️
And fake his identity
they may have excellent legal reasons for doing so, and you should probably avoid that coin.
Liquidity issue
You can’t check the liquidity of DeFi projects, but you can always do it with a cryptocurrency. Low liquidity suggests that converting the token to cash is difficult, which might be due to the creator having a limited amount of funding to manufacture the token
There are several ways to detect a rug pull. Some of which will be mentioned here.
Like and Share
Thread 🧵
Four ways to Detect #rugpull
▪When developers are making money
▪The project arose out of nowhere
▪Developers that choose to remain anonymous
▪Liquidity issues
◾️When developers are making money
Although this may not seem to be a fraud in a free market, it qualifies as such if the initiative was developed solely for this goal.
malevolent developer, as in the previous two frauds, builds a project with an exaggerated value proposition.
The project arose out of nowhere 👀
◾️Rug pulls seem to appear out of nowhere, while legitimate cryptocurrencies and DeFi initiatives take years to build.
These phony enterprises are often backed by a lot of hype, leveraging on currently prevalent cultural memes.
Developers that choose to remain anonymous
When the dev refuse to show his / her self
The project meant be #Rugpull
Founder meant be scared not to get catch 🤦🏽♂️
And fake his identity
they may have excellent legal reasons for doing so, and you should probably avoid that coin.
Liquidity issue
You can’t check the liquidity of DeFi projects, but you can always do it with a cryptocurrency. Low liquidity suggests that converting the token to cash is difficult, which might be due to the creator having a limited amount of funding to manufacture the token
- **Rug Pull Incident**: #SwirlLend , a project on the #Linea platform, has been involved in a #rugpull incident, as detected by PeckShield. A rug pull refers to a scam where developers abruptly abandon a project after attracting significant investments, leaving investors with losses.
- **Cross-Chain Transfer**: The deployer of SwirlLend is reported to have utilized #Orbiter Finance to facilitate a cross-chain transfer of around 94 #Ethereum from the Linea platform to the Ethereum mainnet. This transfer involves moving assets from one blockchain to another.
- **Ongoing Transactions**: While the cross-chain transfer has taken place on the Ethereum mainnet, there are ongoing transactions involving funds on the Base platform. These transactions suggest that the situation is still developing, and further movement of funds might be occurring.
- **Concerns over Fund Safety**: The incident raises concerns over the security of funds invested in projects like SwirlLend. Rug pulls and fraudulent activities are risks that investors in the cryptocurrency space should be cautious of, as they can lead to significant financial losses.
- **Importance of Due Diligence**: This incident underscores the importance of conducting thorough due diligence and research before investing in any cryptocurrency project. Investors should exercise caution, verify the legitimacy of projects, and be aware of potential risks associated with the platforms they are using.
$ETH $BNB $BTC
- **Cross-Chain Transfer**: The deployer of SwirlLend is reported to have utilized #Orbiter Finance to facilitate a cross-chain transfer of around 94 #Ethereum from the Linea platform to the Ethereum mainnet. This transfer involves moving assets from one blockchain to another.
- **Ongoing Transactions**: While the cross-chain transfer has taken place on the Ethereum mainnet, there are ongoing transactions involving funds on the Base platform. These transactions suggest that the situation is still developing, and further movement of funds might be occurring.
- **Concerns over Fund Safety**: The incident raises concerns over the security of funds invested in projects like SwirlLend. Rug pulls and fraudulent activities are risks that investors in the cryptocurrency space should be cautious of, as they can lead to significant financial losses.
- **Importance of Due Diligence**: This incident underscores the importance of conducting thorough due diligence and research before investing in any cryptocurrency project. Investors should exercise caution, verify the legitimacy of projects, and be aware of potential risks associated with the platforms they are using.
$ETH $BNB $BTC
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.
A rug pull or exit scam occurs when a seemingly legitimate project gathers investment or user deposits before promptly shutting everything down, pulling the capital and vanishing — if they adequately cover their tracks.
According to May 19 tweet from the alerts-focused account of blockchain security firm PeckShield, the bad actors swiped 1,628 Ether- ETH worth roughly $2.95 million at current prices — from Swaprum’s liquidity pools, bridged it to Ethereum and “laundered” almost all of the funds through crypto mixer Tornado Cash.
#swaprum #hack #rugpull #hack #cryptoonindia
A rug pull or exit scam occurs when a seemingly legitimate project gathers investment or user deposits before promptly shutting everything down, pulling the capital and vanishing — if they adequately cover their tracks.
According to May 19 tweet from the alerts-focused account of blockchain security firm PeckShield, the bad actors swiped 1,628 Ether- ETH worth roughly $2.95 million at current prices — from Swaprum’s liquidity pools, bridged it to Ethereum and “laundered” almost all of the funds through crypto mixer Tornado Cash.
#swaprum #hack #rugpull #hack #cryptoonindia
what's new today ?
#RiskonBlast project has recently executed a #rugpull raising funds amounting to 500 ETH and then disappearing without a trace. This seems to be the first #scam on the #Blast L2 platform.
https://twitter.com/routescan_io/status/1761686589183254679&ved=2ahUKEwiLj7nwpc2EAxU7gf0HHWGJBA0Qjjh6BAggEAE&usg=AOvVaw3li4h80X4Th26tfqqptjQw
#RiskonBlast project has recently executed a #rugpull raising funds amounting to 500 ETH and then disappearing without a trace. This seems to be the first #scam on the #Blast L2 platform.
https://twitter.com/routescan_io/status/1761686589183254679&ved=2ahUKEwiLj7nwpc2EAxU7gf0HHWGJBA0Qjjh6BAggEAE&usg=AOvVaw3li4h80X4Th26tfqqptjQw
🚨RUGPULL ALERT: The zkSync Era revenue aggregator protocol Kannagi Finance RugPulled. TVL of Kannagi Finance fell from $2.13M to $0 !
#rugpull #cryptocurrency #crypto #zKSync #crypto
#rugpull #cryptocurrency #crypto #zKSync #crypto
😮Cz Donates Huge Sum To Top Rugpull Detective💰🇺🇲🌎
Over the years, CT (Crypto Twitter) has been filled loads of scams and rugpulls. These have left investors in bad shape, with most still battling with the guilt of ignorance and possible depression. This has led to serious onchain analysis in a bid to track stolen funds. This is one of the dedicated job of a CT user, named Zack (@ZachXBT).
On his profile, you can get a good grasp of what he's into 👇
As a #rugpull survivor, he has dedicated most of his time into helping victims and calling out individuals who prey on the decentralisation and anonymousity of the blockchain space.
For DEXs, you can rely on utmost anonymousity. The fun part is that, most of these bad actors and scammers are not smart enough to act without trail. Some end up sending stolen funds to wallets with traceable Kyc informations. While others, get exposed with the stolen funds in their personal wallet, that may have been posted online before or affiliated with the project.
The thing about Zach is that, he makes the research and calls out the individuals involved. For today, there have been some sort of misunderstanding and he's now been charged with defamation lawsuits. Full details below; 👇
1/ It’s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022.
Today Machi filed the defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back & defend free speech.
2/ This is a classic David & Goliath story. My understanding is that Machi is very wealthy. I am not. He is using his money to try silence me. I’m asking for your help so this doesn’t happen & the truth survives.
3/ I am creating a donation address to assist with legal costs associated with the defense of this matter, which could easily exceed $1m USD.
All leftover funds will be returned on a pro rata basis to contributors.
5/ It is sickening to see it come to this but I knew one day this would happen as the price of telling the truth is sometimes people dislike what you say.
I have always kept my research as objective as possible and let the data and historical record speak for themselves.
These lawsuits claims seem to cost alot, with lawyer acquisition and other payments. As such, Zach has reached out his fans and followers to support him in any way they can. This seems to be the first time, he has asked for financial aid as his services are usually free of charge. This is why the turn up and Support is massive.
For #Cz , who is a man of good work and preacher of user safety in the ecosystem. He has decided to show his support, stating that the #Binance exchange would be making their own donation of $50,000 🎉. This places binance exchange as the most generous and relatable exchange in the world. The statement read;
"Binance will contribute $50k. Keep up the fight. Keep the industry transparent 🦾"
Most users have shown their appreciations to cz for the kind gesture. The crypto space sometimes, is all about community as this the only way the bad actors get to lose.
To be continued....✍️
Meanwhile, let's hear your thoughts below 👇
Do you think Zach will win this lawsuit?🇺🇲
Have you ever been rugged?🚨
What do you think of Cz's actions?🙉
Drop your comments below and don't forget to follow us for more updates and #crypto2023 #news .
Disclaimer:
Article purpose is to enlighten you about the charitable works of Cz Binance. We are not affiliated to either parties and moreso, sensitive information such as wallet address has not been added to this article, as it's against the policy. We will never ask you for funds, so please beware. Stay safe and keep learning / building!!!🦾
On his profile, you can get a good grasp of what he's into 👇
As a #rugpull survivor, he has dedicated most of his time into helping victims and calling out individuals who prey on the decentralisation and anonymousity of the blockchain space.
For DEXs, you can rely on utmost anonymousity. The fun part is that, most of these bad actors and scammers are not smart enough to act without trail. Some end up sending stolen funds to wallets with traceable Kyc informations. While others, get exposed with the stolen funds in their personal wallet, that may have been posted online before or affiliated with the project.
The thing about Zach is that, he makes the research and calls out the individuals involved. For today, there have been some sort of misunderstanding and he's now been charged with defamation lawsuits. Full details below; 👇
1/ It’s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022.
Today Machi filed the defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back & defend free speech.
2/ This is a classic David & Goliath story. My understanding is that Machi is very wealthy. I am not. He is using his money to try silence me. I’m asking for your help so this doesn’t happen & the truth survives.
3/ I am creating a donation address to assist with legal costs associated with the defense of this matter, which could easily exceed $1m USD.
All leftover funds will be returned on a pro rata basis to contributors.
5/ It is sickening to see it come to this but I knew one day this would happen as the price of telling the truth is sometimes people dislike what you say.
I have always kept my research as objective as possible and let the data and historical record speak for themselves.
These lawsuits claims seem to cost alot, with lawyer acquisition and other payments. As such, Zach has reached out his fans and followers to support him in any way they can. This seems to be the first time, he has asked for financial aid as his services are usually free of charge. This is why the turn up and Support is massive.
For #Cz , who is a man of good work and preacher of user safety in the ecosystem. He has decided to show his support, stating that the #Binance exchange would be making their own donation of $50,000 🎉. This places binance exchange as the most generous and relatable exchange in the world. The statement read;
"Binance will contribute $50k. Keep up the fight. Keep the industry transparent 🦾"
Most users have shown their appreciations to cz for the kind gesture. The crypto space sometimes, is all about community as this the only way the bad actors get to lose.
To be continued....✍️
Meanwhile, let's hear your thoughts below 👇
Do you think Zach will win this lawsuit?🇺🇲
Have you ever been rugged?🚨
What do you think of Cz's actions?🙉
Drop your comments below and don't forget to follow us for more updates and #crypto2023 #news .
Disclaimer:
Article purpose is to enlighten you about the charitable works of Cz Binance. We are not affiliated to either parties and moreso, sensitive information such as wallet address has not been added to this article, as it's against the policy. We will never ask you for funds, so please beware. Stay safe and keep learning / building!!!🦾
