exit scam – DIGIT INFO

Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m – Certik

The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap.

Go to Source

Tragedy or rug-pull? Inside the collapse of a ‘charitable’ NFT project

Orica NFT’s charity efforts have succeeded, but its token holders have not, and up until now, its co-founder was nowhere to be found.

Go to Source

Project takes off with $31.6M in alleged exit scam

On-chain detective ZachXBT believes that the project has “likely exit scammed” after bridging $31.6 million to multiple addresses on Tron and Ethereum.

Go to Source

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

Kokomo Finance’s social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes.

Go to Source

Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull

Defrost Finance had not publicly commented on the rug-pull accusations in the media, until now.

Go to Source

Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey

A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary Prepares to Hand Over Alleged Crypto Fraudster and […]

Go to Source

Crypto scammers are using black market identities to avoid detection: CertiK

The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities.

Go to Source

Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex

Missing CEO of Turkish Crypto Exchange Thodex Faces Life in Prison

Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit scam. Turkey Seeks up to 40,000 Years […]

Go to Source

Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds. Search Widens for CEO of Crypto Exchange […]

Go to Source

2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish […]

Go to Source