Tag: exit scam

Jun 29 2021

AfriCrypt Founders: We Were Hacked

Reading Time: 2 minutes One of the founders of AfriCrypt has denied that the platform held billions of dollars in Bitcoin Raees Cajee told the Wall Street Journal that they never managed more than $200 million He also maintained that AfriCrypt was hacked and $5...

Jun 25 2021

Africrypt Exit Scam Sees $2.3 Billion in Bitcoin Stolen

Reading Time: 2 minutes The founders of Africrypt has exit scammed with $2.3 billion in bitcoin The two brothers, aged 20 and 17, appear to have absconded with ₿69,000 Africrypt was allegedly a cryptocurrency exchange, bank, and...

Jun 24 2021

Beware the Soft Rug, Crypto’s Latest Scam

Reading Time: 2 minutes The term ‘soft rug’ has been coined to describe a team selling tokens in batches over time before pulling the plug on a project The concept of a soft rug isn’t new, but it is starting to happen more frequently There is a way to guard against...

May 24 2021

DEFI100 Claims Website Hack Was Behind Exit Scam Message

Reading Time: 2 minutes DEFI100, the project that seemed to openly exit scam over the weekend, has denied doing so The failed project has been dormant since March, and there were claims that founders had run off with $32 million The founders have dismissed these claims,...

May 19 2021

WarOnRugs Rug Pulls Fairmoon, Steals $500,000

Reading Time: 2 minutes Anti-scam advocates WarOnRugs have rug pulled their own token, Fairmoon The group stole over $500,000 worth of user funds under the guise of a token burn The event is another reminder that such investments are hugely risky WarOnRugs, a...

May 02 2021

Thodex Exit Scam Sees 83 Detained in Turkey

Reading Time: 2 minutes 83 individuals associated with shuttered Turkish cryptocurrency exchange Thordex were detained this week Six were formally arrested who may have information on CEO Faruk Fatih Özer who has fled the country...

Apr 22 2021

Turkish Exchange Thodex Goes Dark as CEO Leaves Country

Reading Time: 2 minutes Turkish cryptocurrency exchange Thodex has gone dark with billions on its platform Thordex said that it is investigating potential investment which has necessitated a 4-5 day closure The platform has 391,000 active users and billions of dollars’...

Mar 12 2021

PAID Network Launches New Token After Hack

Reading Time: 2 minutes PAID Network has airdropped the first tranche of replacement tokens following last week’s hack A smart contract was exploited last week which saw a hacker sell over $3 million worth of PAID tokens Some holders will have to wait while centralized...

Mar 08 2021

PAID Network Reveals Private Key Compromise Led to Hack

Mar 08 2021 Published at FullyCrypto under tags  bitcoin news cryptocurrency exit scam hack

Reading Time: 2 minutes PAID Network has revealed the reasons behind Friday’s hack which saw over 59 million tokens minted An attacker was able to compromise an in-house private key and amend the smart contract to mint the tokens The hacker sold over 2.5 million tokens...

Mar 06 2021

1,733% SALE Airdrop Pump Rewards Hatch DAO Victims

Mar 06 2021 Published at FullyCrypto under tags  airdrop cryptocurrency news exit scam

Reading Time: 2 minutes The value of the SALE airdrop that was handed out to Hatch DAO victims in October has pumped 1,733% The SALE token has seen a massive price increase in recent weeks, including a three-day $1,466 pump The valuation of the airdrop was almost 50% of...

Mar 04 2021

BSC Project Meerkat Finance Allegedly Rug Pulls Nearly $32 Million in BUSD & BNB

Meerkat Finance, a Binance Smart Chain project has allegedly rug pulled 13.96 million BUSD and 73,635 BNB with a combined total of nearly $32 million, making it the biggest fraud on Binance Smart Chain. The project claimed their system was hacked earlier, but currently the main website cannot be accessed, making many believe that they The post BSC Project Meerkat Finance Allegedly Rug...

Jan 19 2021

Livecoin Closes Following December ‘Hack’

Reading Time: 2 minutes Russian exchange Livecoin has announced that it has had to close following a purported hack in December Livecoin did not reveal how much was taken or what funds remain, but it has opened a claims portal The hack could be cover for an exit scam...

Sep 29 2020

TrustSwap Promises Change After Hatch DAO Exit Scam

Reading Time: 3 minutes TrustSwap has said that it is “reworking multiple internal processes” following the Hatch DAO exit scam Victims called TrustSwap’s services “worthless” because it failed to protect them The team claimed that they never promised to offer...

Sep 28 2020

DxSALE to Offer Airdrop for Hatch Exit Scam Victims

Reading Time: 2 minutes DxSALE has promised an airdrop to victims of the recent Hatch DAO exit scam Hatch DAO rug pulled when they minted and sold 2 million HATCH tokens on Friday night DxSALE will airdrop their own SALE tokens to Hatch DAO victims via a dApp...

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