Siqi Chen caused another chaotic moment in meme token circles, after launching the Zero (ZERO) token. He then put up a selling order, claiming it was a mistake, then bought back and burned his ...

Allen Zhang, co-founder and chief technology officer of Web3 cybersecurity firm GoPlus, told Cointelegraph that the most prevalent type of rug pull is the “honeypot token” scam, which has been ...

He said rug pull schemes, especially those involving cryptocurrency, are on the rise. “Scammers typically launch a new token or a non-fungible token ( T) and promote it heavily, promising huge ...

A rug pull is a type of fraud where developers roll out a new virtual token or project, highly promote it in order to get investors, and then disappear with all the funds, leaving the investors ...

New York’s Bill A06515 aims to crack down on crypto fraud, introducing strict penalties for meme coin rug pulls, private key ...

A lawyer and plaintiff in the lawsuit said lawyers saw there was an illicit association to commit fraud in the $LIBRA launch Milei's office denied the president was ...

"Do not take financial advice from a pickle," the Fortnite video joked—yet the storyline pumped a Solana meme coin inspired ...

The apparent LIBRA token rug pull is the the latest incident to negatively affect the Solana memecoin ecosystem, Galaxy Research said in a report on Monday. The narrative had already began to sour ...

Libra insider wallets. Source: Lookonchain The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to the current $257 ...

The Solana-native Libra (LIBRA) token started its rally on Feb. 14 ... s fintech chamber acknowledged that the case may be a rug pull. “This scandal, which embarrasses us on an international ...

Industry observers said the operation was likely a "rug pull" - a scam where developers unveil a crypto token, attract investors, then quickly cash out. Rights NGO Observatory for the Right to the ...