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Showing posts with the label crypto scam

Scammer steals $91k in fake Sleepless AI, FomoFi, NebulaNode tokens

In anticipation of the launch of Sleepless AI farming on the Launchpool platform from Binance, unknown people conducted a rug pull of the token of the same name. As PeckShield analysts reported, one of the addresses exchanged 1 billion fake AI for $91,000 in ETH. As a result, the token ’s price fell by 97.5%. A similar rug pull scheme was carried out with the fake FomoFi token . #PeckShieldAlert Sleepless AI $AI has dropped -97.5% The address 0xB359…6f3d has swapped 1,000,000,000,000 $AI for 37.7 $ETH (~$91K) *Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/C0M8vHxRbz — PeckShieldAlert (@PeckShieldAlert) December 28, 2023 The attacker’s address exchanged over 5.3 trillion FOMO for 189,600 BSC-USD, after which the coin price dropped to zero. Another incident devalued the NebulaNode token after exchanging numerous NNNN token s for 1033.8 BNB, the equivalent of $335,900. Farming of the original Sleepless AI project on ...

Scammers on the rise: three on-chain cybersecurity predictions for 2024 | Opinion

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. 2023 has been characterized by bearish conditions flattening markets and a heavy focus on regulation and compliance through the lens of the large-scale collapses and fraud incidents in 2022.  You might also like: Crypto market on Christmas: historical trends and what to expect  However, things are rarely quiet for long in this industry, and change is already in the air. While the question of jail time for Sam Bankman-Fried and Changpeng Zhao may still be outstanding, the drama of the legal battles appears to be largely settled, and the sector is buzzing with anticipation of a new bull market as it looks ahead to the year ahead. An expected spot ETF approval and the upcoming Bitcoin halving are both adding to rising speculation.  While a change in market conditions is good news, it inevitably brings fresh challe...