Scams

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

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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

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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

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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

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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 🥊 pic.twitter.com/T8Mz4YpzXe … Read more

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

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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

Crypto Twitter goes bananas on April Fools Day

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As one could have expected, April fools day sent Crypto Twitter off the charts this time. At CryptoSlate we really had to think twice before falling for any of the amazing “news” coming out of the social media platform. Anyway, we collected a few of the best tweets on Crypto Twitter during the day. Enjoy! … Read more

Hacker steals $1.8M worth of crypto and NFTs from DeFiance Capital founder

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Arthur Cheong, the founder of crypto-asset fund DeFiance Capital who is also known as Arthur_0x on Crypto Twitter, became the latest target of a “social engineering attack” today, losing roughly $1.8 million worth of crypto and non-fungible tokens (NFTs). The only thing I can say to the hacker is: you mess with the wrong person. … Read more

Users deride $70M NFT project Pixelmon following reveal of its ‘art’

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Pixelmon, a non-fungible token (NFT) project that raised over $70 million earlier this month, has recently revealed the artworks for which users paid up to $10,000…and the crypto community has been having a field day with them ever since. $70 MILLION LOOOOOOOOL pic.twitter.com/GAcfAuMlsS — Cobie (@cobie) February 26, 2022 While the definition of “art” is … Read more