Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%

Ad Arbitrum-based decentralized exchange (DEX) ArbiSwap rugged users on March 2, and as of press time, the ARBI token has lost more than 99% of its value. The token crashed from $1.5 to $0.0000000093 following the rug. The ArbiSwap developers controlled the platform’s liquidity pools as they seeded most of the ARBI pairs at launch. … Read more

Crypto staking platform Freeway halts withdrawals, FatManTerra alleges Ponzi scheme

Freeway, a crypto-staking platform that touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. According to the notice posted on its website, the firm has “decided to diversify its asset base” to avoid future market volatility and increase the sustainability of the platform. Notice announcing … Read more

DeFiYield REKT list reveals 18% decrease in lost DeFi funds during September totaling $170M

DefiYield, the DeFi investing and yield farming platform, tracks exploited projects across the DeFi ecosystem through its REKT database. Since January 2022, it has tracked over $60 billion in lost or stolen funds across 1,195 events, including Terra Luna. Ronin, Nomad, and the Wormhole bridge. Roughly $2.4 billion has been recovered throughout the same period, … Read more

CryptoSlate Wrapped Daily: Coinbase bankrolls Tornado Cash users’ lawsuit; Terra Classic makes 1,900% comeback led by community

The biggest news in the cryptosphere for Sept. 8 includes Coinbase financing the lawsuit against the U.S. Treasury Department over Tornado Cash, Terra Classic’s community-led revival and an attack on the New Free DAO protocol. CryptoSlate Top Stories Bitcoin holds steady as ECB implements 75 bps rate hike Despite European Central Bank’s (ECB) announcement regarding … Read more

Okcoin warn of ‘elder fraud’ following recovery of $1M in stolen crypto

In a recent blog post, San Francisco-based crypto exchange Okcoin warned about “elder fraud,” adding that the elderly are the highest risk group affected by online scams. Following an investigation, the company’s risk team intercepted $1 million in stolen Ethereum and Tether and returned the tokens to the rightful owners. How Okcoin recovered the stolen … Read more

Zachxbt levies rug pull allegations against 4 Croatians connected to 9 NFT scams

In a new Twitter thread, blockchain detective Zachxbt has revealed the identities of four people allegedly connected to various Non-fungible token (NFT) rug pulls. $2.8M made from scams In the thread on April 27, he alleged that the four people are from Croatia and had rugged nine different NFT projects, making at least $2.8 million. … Read more

Floyd Mayweather launches new NFT project despite shady past in crypto space

On April 13, retired professional boxer Floyd Mayweather will launch a new non-fungible token (NFT) project, dubbed Mayweverse, that would offer crypto enthusiasts a collection of 5,000 NFTs that can be minted for 0.3 Ethereum (ETH) each.  Mayweverse launches on Wednesday April 13thMore details about the mint on our discord! RT if you are Ready 🥊 … Read more

User loses $570,000 worth of Mutant and Bored Ape NFTs to ‘fake verification’ scam

A pseudonymous user, known as “s27,” today lost roughly $570,000 worth of non-fungible tokens (NFTs) after exchanging his Bored Ape Yacht Club (BAYC) #1584 and two Mutant Ape Yacht Club (MAYC) tokens for fraudulent NFTs deceptively disguised as genuine. The exchange was first spotted by crypto enthusiast Quit thanks to his Discord server configured to … Read more