Hackers Use Supreme Court of India’s YouTube Channel to Shill XRP
Ripple and XRP scammers have seized control of the Supreme Court of India’s official YouTube channel, promoting fraudulent investments via a fake live stream. The Supreme Court of India’s official YouTube channel, which boasts a following of over 217,000, was rebranded as a Ripple-themed account on September 20 to conduct a cryptocurrency fraud. The hackers […]
Ethena Labs Halts Website After Hack
Ethena Labs has Issued a warning on X to avoid any websites or apps claiming to be Ethena’s frontend, as they could be fraudulent. Ethena Labs, the corporation responsible for the decentralized synthetic dollar system, has ceased its website activities due to a security breach on the domain registrar’s account. The corporation placed a notice […]
CFTC Forms Partnership to Tackle Growing Crypto Scams
The CFTC has announced partnerships with private and federal regulators to inform investors and users about potential scam activities. The Commodity Futures Trading Commission (CFTC) has announced partnerships with federal and private organizations to inform users about prevalent cryptocurrency schemes. In the programs, users will be informed about the increasing prevalence of scams and fraudulent […]
Friend.tech Team Face Rug Pull Allegations
After relinquishing control over the project’s smart contracts, the team behind Web3 social media platform Friend.tech faces allegations of rug pulling on the internet. The Friend.tech team disclosed on September 8 that it had configured the admin and ownership parameters to Ethereum’s null address. The team stated that this would prohibit future modifications to their […]
Unverified Contract Account Drains $1.4M from CUT Token Pools
On September 10, blockchain security platform Certik reported an attacker drained over $1.4M worth of Bows Coin Synthetic US Dollar (BSC-USD) from a liquidity pool that held CUT tokens The CUT token contract depended on a distinct, unverified contract to establish its “future yield” parameter. This contract was utilized to drain the BSC-USD using an […]