The BALD memecoin collapsed in price as collectors alleged an exit scam, but the developer said they had not sold any coins.
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The BALD memecoin collapsed in price as collectors alleged an exit scam, but the developer said they had not sold any coins.
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Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems.
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A Redditor described the developer’s gambling addiction excuse as a “weird way to rug” as projects usually just run away and delete all the evidence.
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The reported attacker is a known exploiter, labeled ‘Fake_Phishing750’ by BscScan.
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CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators.
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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.
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The Friendsies NFT collection responded to accusations it was behind a $5 million rug pull after announcing a “pause” of the project.
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Plaintiff Don Holland has filed a lawsuit against CryptoZoo and Logan Paul, alleging the YouTube influencer’s “fraudulent venture” executed a “rug pull.”
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Defrost Finance had not publicly commented on the rug-pull accusations in the media, until now.
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From September 2020 to Dec. 1 over 200,000 scam tokens were created with well over half of those deployed this year.
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