A phishing scammer, who goes by the pseudonym “Monkey Drainer,” stole 700 Ethereum (ETH) tokens, worth around $1.05 million, over the past 24 hours, on-chain sleuth ‘ZachXBT’ pointed out in a Twitter thread. 1/ Over the past 24 hrs ~700 ETH ($1m) has been stolen by the phishing scammer known as Monkey Drainer. They recently … Read more
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, 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
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
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
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
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
Manifold has come under heat after a massive dump of $ASH token following a bungled NFT drop now, Manifold is claiming that not all the blame is theirs A collaboration between digital artist Pak and Manifold to release an NFT project by Pak had gone south after the NFT failed to drop. The NFT project … Read more
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
Since the beginning of the year, we’ve reported about NFT scams supported by celebrities, and unfortunately, another multi-million dollar rug pull recently occurred in the NFT space The depressing scourge of NFT scams Writing this piece, it dawned on me that this is the fourth NFT rug pull I’m reporting on this year, and as … Read more
