Rug pulls

A memecoin launched by Former New York City Mayor Eric Adams sparked controversy Monday after it pumped and dumped, inviting allegations of a rug pull. NYC Token’s Rollercoaster Ride The NYC Token (NYC) launched on the Solana (CRYPTO: SOL) blockchain to fight what Adams described as...

Ethereum (CRYPTO: ETH) was the most targeted blockchain by hackers and fraudsters in May, constituting nearly 43% of the total losses.  What Happened: The world's largest network for decentralized apps and services suffered the most individual attacks, totaling 9, in the month, according to a...

The third quarter of 2023 has exposed significant security vulnerabilities in the cryptocurrency sector, with a staggering 117 hacks leading to a cumulative loss of $720 million. Hacken's comprehensive review of De.Fi's REKT database for the third quarter of 2023 highlighted that while...

A new report claims that 98% of all tokens listed between 2018 and 2021 on decentralized cryptocurrency exchange Uniswap were scam-related, otherwise known as rug pulls. A typical rug pull scam takes place when developers lure investors into putting their money into new crypto projects created...