Bitcoin News / Bitcoin.com - 2 weeks ago
Numerous accounts have recently revealed that shortly after the darknet market (DNM) Incognito apparently conducted an ‘exit scam,’ its operators have now informed their clients and merchants they are facing extortion. The team behind I...
Bitcoin News / Bitcoinist - 3 weeks ago
The crypto industry is perpetually vulnerable to malicious activities, with hackers seemingly relentless in their pursuits. It’s been only two months into 2024 and crypto scams are already making their appearance. According to blockchain audito...
Cryptocoins News / The Cointelegraph - 4 months ago
Yearn.finance’s YFI token crashed over 43% in just five hours after rallying almost 170% in November. Yearn.finance’s (YFI) governance token plummeted over 43% in jus...
Cryptocoins News / The Cointelegraph - 5 months ago
CertiK says Standard Cross Finance hired actors to pose as executives, then dumped tokens on investors, draining $1.6 million from the project’s liquidity pool. On Oct...
Bitcoin News / Bitcoin.com - 7 months ago
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto tr...
by COINS NEWS - 7 months ago
Intrigued to see how this ends submitted by /u/good2youall [link] [comments]
Bitcoin News / Bitcoin.com - 9 months ago
According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that approxi...
by COINS NEWS - 10 months ago
SushiSwap was the created by pseudonymous founder, Chef Nomi, who took the Uniswap an extra mile by adding rewards for providing liquidity to the exchange through a liquidity provider token (LP), called sushi (SUSHI). As sushi investors later d...
by COINS NEWS - 10 months ago
I was an insider at a crypto company that did an ico in 2018, which raised 20+ mil, and the founder stole all of it and did a long exit scam (kept appearance of ongoing ops but in reality he took all the funds transferred it overseas and moved overse...
Cryptocoins News / Blockchain - 1 year ago
Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in v...
Bitcoin News / Bitcoinist - 1 year ago
The deployer of Kokomo Finance, a non-custodial lending protocol on Optimism and Arbitrum, which are popular layer-2 platforms on Ethereum, has rugged users of $4 million.
Kokomo Finance Exit Scams, Stealing $4 Million
CertiK, a blockchain security f...
Cryptocoins News / The Cointelegraph - 1 year ago
Kokomo Finance’s social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes. Optimism-based lendin...
Bitcoin News / Bitcoin.com - 1 year ago
According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2...
Cryptocoins News / The Cointelegraph - 1 year ago
The industry is likely to see “further attempts from hackers targeting bridges in 2023," while users are urged to be warier of their private keys. The new year is a fr...
Cryptocoins News / The Cointelegraph - 1 year ago
The last week of 2022 didn't turn out to be a good one as the industry recorded multiple exploits and an exit scam scare. Welcome to Finance Redefined, your weekly dos...
Cryptocoins News / The Cointelegraph - 1 year ago
Defrost Finance had not publicly commented on the rug-pull accusations in the media until now. Defrost Finance, the decentralized trading platform that suffered a $12...
Cryptocoins News / The Cointelegraph - 1 year ago
“Merry Christmas guys. We got a lump of coal from Santa Claus,” wrote one user in response to the allegations and the incident. On Dec. 26, blockchain security firm C...