scam-alert
In-depth research, opinions, and analysis of scam-alert trends.
QuickSwap Was Scammed For $220,000 And Intends To Shut Down Lending Markets
<p>According to the exchange, $220,000 was stolen from QuickSwap, a decentralized exchange on Polygon. According to QuickSwap, the Market XYZ loan market was the sole platform affected by the attack. PeckShield had first connected the attack to Qi DAO, the company behind the miMatic stablecoin. The security and analytics company blamed a QuickSwap vulnerability for</p>
Freeway Stopped All Withdrawals, Suspected To Rug Pull
<p>Cryptocurrency investment platform Freeway announced on Sunday that it will cease all withdrawals on the platform. Researcher Terra FatMan says the names of all the platform’s team members have been removed from the site and a Rug pull is suspected, involving $100 million. Late on October 23, crypto investment platform Freeway halted all withdrawals from</p>
Layer2DAO Hacked For Nearly 50 Million L2DAO
<p>Investment DAO Layer2DAO announced on Twitter that a hacker was able to gain access to a platform multisig on Optimism and drain 49,950,000 L2DAO. The project negotiated with the hacker and repurchased 31,239,677 tokens. And the devs felt that getting the tokens out of the hands of the hackers was necessary to stabilize the token</p>
OlympusDAO Suffers $300K Exploit White Hat Hacker Returns All Funds
<p>Yesterday, OlympusDAO users experienced a little fright. After a hacker stole 30,000 OHM tokens, which are worth $300K, and later gave the money back. It looks that the hacker is a white hat. exploited a flaw in the OHM Bonds smart contract to gain access to the new product. The “BondFixedExpiryTeller contract contains a redeem()</p>
Vitalik Buterin’s Proposal, Scammers Launch THE Token
<p>Here are several issues with THE, the cryptocurrency created by the developer of Ethereum (ETH), and why buying THE at this time could be risky for retail customers. CEX listing, 100M airdrop to Vitalik Buterin The token, a brand-new meme coin, was introduced on October 14, 2022 in response to a recommendation from Vitalik Buterin.</p>
Moola Market Was Attacked, The Damage Was Estimated At $8.4 Million
<p>Moola Market, a Celo network-based decentralized finance lending mechanism, has ceased operations following an $8.4 million exploit. The attacker earned 8.8 million CELO ($6.5 million), 765,000 cEUR ($700,000), 1.8 million MOO ($600,000), and 644,000 cUSD ($600,000) for his services. After the incident, Moola Market is still actively investigating the incident and has suspended all activities</p>
1inch Users Are In Danger Of Losing Their Assets Due To A Faulty Wallet Address
<p>Justin Bebis, CEO of Byte Masons Web3 development firm, stated that one of the old wallets of 1inch Network (1INCH) addresses is being misused by criminals. Bebis has turned to Twitter to notify users that malefactors hold an outdated address on the Fantom (FTM) network that was formerly used by the 1inch Network multi-blockchain DeFi</p>
DeBank’s Wallet Rabby Swap Smart Contract Gets Exploited
<p>Rabby, the wallet developed by DeBank, tweeted that there is an exploit on Rabby Swap smart contract. If users have used it, please revoke all existing approvals on all chains for Rabby Swap. The team is actively working to solve it. The exact scope of the exploit is unknown. However, some have stated that their</p>
Spice Girls Mel B Becomes Target Of Crypto Scams
<p>Mel B, a member of the world-famous girl group Spice Girls, is said to have become a target of crypto fraudsters. The pop artist stated that she became enraged after discovering that her friends and family members had received texts from scammers impersonating her. The criminal actors were soliciting funds to fund a charity initiative</p>
Scam Ape On Fake Approval Revoking Site
<p>The Foobar Twitter account has announced to 75.8K Followers about scam ape on OTC trading and the fake approval revoking site. Foobar also had a warning for users to store all data in coldwallet for securities. Any transactions on hot wallet should be sent out immediately after closing the deal. Many users reply to this</p>
Binance Smart Chain Hacked, Damage Estimated $600 Million
<p>The crypto community learned that Binance Chain had been compromised on the morning of October 7 when it noticed an unusually high volume of tokens being transferred between wallets. In particular, a number of transactions transferred a significant number of tokens from the BSC Token Hub to an ambiguous address. This address now holds more</p>
FBI Warns About Crypto ATMs Scams
<p>The FBI’s Miami Field Office has issued a warning that crypto ATMs are becoming a popular technique for scammers to acquire monies from deceived victims. The information was published as part of a public warning issued on October 3 called Pig Butchering scams, in which fraudsters act as long-lost acquaintances or possible love partners in</p>
SexDao Project Raised $6 Million Funding Runs Away
<p>Community members say that Sex Dao is suspected of having fled. Its official Twitter @SEXDAOSED was inaccessible and the main wallet of the sexxdao.eth project moved all assets out. The community is buzzing about the information that the project calling for $ 6 million SEXDAO has fled. Currently both its website and official Twitter account</p>