Crypto:
30251
Bitcoin:
$66.245
% 1.25
BTC Dominance:
%54.5
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
Bitcoin:
$ 66.245
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

Cryptocurrency Scam Alert: Millions Lost in Series of Rug Pulls

Cryptocurrency

Cryptocurrency Scam Alert: Millions Lost in Series of Rug Pulls!! In the world of decentralized finance, a shady group has pulled off several rug pulls, causing losses of over $20 million. ZachXBT, a Cryptocurrency blockchain investigator, uncovered their schemes, which targeted platforms like Kokomo, Magnate, and Solfire, resulting in huge losses for users. They even breached KYC documents, adding to the damage. The scams spread across various blockchains, hitting BASE, Solana, and Ethereum.

The Evolution of Deception

The group kept evolving, targeting platforms like Hash DAO and ZebraDAO. Victims were left with nothing as their investments disappeared. Their latest project, Saltrify Finance, received about $1 million from previous scams, aiming to trap more victims.

Taking on the Challenge

Despite the risks, defenders like ZachXBT confronted these scams head-on. Threats didn’t deter them. While shutting down Leaper Finance and Glori Finance accounts was a win, the crypto community still faces challenges. Over $200 million was lost in the first two months of 2024 across 32 incidents.


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