NFT creator Aurelien Michel, mastermind behind the Mutant Ape Planet collection, pleads guilty to wire fraud charges, becoming the first convicted for an NFT 'rug pull,' facing potential federal prison time and a $1.4 million forfeiture.
JasperIn one of the biggest crypto attacks, cross-chain bridge protocol Multichain recently experienced unauthorized withdrawals of millions worth of crypto ...
BitcoinistThe kindness-themed NFT project raised some major eyebrows in the Web3 community on February 21.
nftnowRug pull is a new type of scam which is now a part of a long history of investment schemes that make investors lose a lot, if not all, of their money.
BitcoinistOn Tuesday, NFT exchange SudoRare defrauded users of around $820,000 in different crypto currencies. Prior to pulling the rug and ...
BitcoinistScamming and hacking activities seem to be skyrocketing within the crypto industry. Even with the increase in innovation and technological ...
BitcoinistAccording to Ciphertrace data, in the second half of 2020, nearly 99% of major fraud and misappropriation of funds were caused by DeFi protocols that executed rug pulls and exit scams.
CointelegraphThis error was caused by a temporary website outage on the project's main site, among other factors.
Cointelegraph"You can't raise money for a business opportunity, then walk away from the business and abscond with the money provided by the investor," stressed Thomas Fattorusso, special investigator with the IRS Criminal Investigations Division.
CointelegraphSenator Kevin Thomas is trying to provide prosecutors with a clear legal framework for cryptocurrency crimes while at the same time cracking down on fraud.
Cointelegraph