The Mobius DeFi and real-world asset tokenization platform suffered a smart contract exploit on the BNB Chain on May 11, leading to the theft of $2.15 million in Mobius Tokens (MBU), reported blockchain security firm Cyvers. “Two minutes prior to the exploit, our system identified a deployment of a malicious smart contract that eventually targeted […]
A new report from Solidus Labs has exposed a huge amount of what it calls “fraudulent” activity on the Solana blockchain. The findings revealed that 98.6% of tokens launched on Pump.fun could be classified as either rug pulls or pump-and-dump schemes. Solana: A Hotbed for Meme Coin Scams? In its report, the crypto surveillance firm […]
Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million. WeChain Fintech Singapore, which was contracted to manage payroll for Bybit Fintech, employed Ho as a payroll processing staff member. Ho, who was responsible for processing […]
SlowMist, in collaboration with imToken, has uncovered a new breed of cryptocurrency scam that targets users in physical offline transactions, utilizing USDT as the mode of payment. This fraudulent scheme operates by tampering with Ethereum node Remote Procedure Calls (RPC) to defraud unsuspecting victims. Scammer’s Strategy Initially, the scammer persuades the target to download the […]
ZachXBT has revealed that 12 Solana presale meme coin projects have been “completely abandoned” within the last month. This is after the projects collectively amassed $26.7 million from investors. Abandoned Solana Meme Coin Projects In an April 21 post on X, ZachXBT singled out these projects and warned investors against associating with any future projects […]