In 2025, retail traders faced substantial losses in the volatile meme coin and celebrity-token market, with over $6 billion lost to rug pulls. While such incidents decreased by 66% from previous years, the surviving scams were more severe, often linked to celebrity endorsements. Notable failures included Kanye West’s YZY token and Donald Trump’s TRUMP coin, […]
What the Crypto Community Must Learn and How to Spot Rugs Read More »
A Texas bankruptcy court has ruled against a debtor, Fuller, linked to a multi-million dollar Ponzi scheme, preventing him from discharging his debts. Fuller, founder of the failed investment platform Privvy, admitted during hearings to fraud, including fabricating documents and lying under oath. The U.S. Trustee Program (USTP) and Justice Department pursued his case, leading
Texas Court Blocks Ponzi Scheme Operator From Discharging Debts in Bankruptcy Read More »
The Web3 community faced a significant security breach, resulting in the loss of $3.047 million in USDC due to a fake Request Finance contract linked to a Safe multi-sig wallet. The attacker created a nearly identical malicious contract that tricked users into approving hidden conditions during batch transactions, allowing them to drain funds which were
Fake Request Finance Contract Drains $3M $USDC From Safe Wallet Read More »
The Solana-based Telegram trading bot project Aqua allegedly executed a rug pull, vanishing with approximately 21,770 SOL (around $4.65 million) just hours before its token launch. Promoted heavily by various influencers, Aqua’s presale funds were systematically transferred through intermediary wallets, raising fraud suspicions following unexpected changes to its terms, including the introduction of a vesting
Solana’s Aqua Vanishes in $4.65M Rug Pull After Influencer Hype – The Shib Daily Read More »
Onchain investigator @zachxbt uncovered a significant rug pull involving Solana’s AquaBot, which raised 21,770 SOL ($4.65M) before disappearing. The presale funds were quickly dispersed across multiple wallets and exchanged, making recovery nearly impossible. Just hours before the AQUA token launch, AquaBot misled investors with exaggerated promises and an unexpected last-minute vesting change, leading to widespread
AquaBot Rug Pull Drains $4.65M in Solana Presale Funds Read More »
Blockchain investigator ZachXBT reported a potential rug pull by the Solana trading platform Aqua, draining 21.77k SOL worth $4.65 million. Positioned as a democratizing trading infrastructure, Aqua claimed to have processed over $90 million in volume and promised revenue sharing through its AQUA token. The platform garnered credibility through endorsements from major Solana partners and
In August 2025, crypto phishing losses surged by 72%, totaling $12.17 million, with 15,230 victims reported—a 67% increase. Attackers exploited the Ethereum protocol upgrade, EIP-7702, leveraging batch signatures to execute harmful transactions. Almost half of the month’s scams were linked to EIP-7702, resulting in significant losses, including a single victim losing over $3 million. Experts
Crypto Phishing Frenzy: Losses Soar 72% in August Read More »
Polygon developer Bruno Skvorc accused World Liberty Financial (WLF) of stealing his funds in a post on X, expressing frustration that he feels powerless due to the company’s ties with the Trump family, which owns 60% of WLF. Skvorc’s tokens were among those frozen, a situation affecting many users, including investor Justin Sun, who criticized
Polygon developer calls World Liberty Financial the ‘scam of all scams” Read More »
Cryptocurrency scams are escalating globally, preying on tech-savvy investors through social media, fake trading platforms, and romance baiting. Scams like “pig butchering” exploit trust through false relationships, while “rug pulls” involve developers vanishing with investors’ funds. Both Europe and the U.S. report steep increases in fraud losses, with cryptocurrencies accounting for a significant portion. Social
Crypto Scams Rising in 2025: How to Spot Pig Butchering, Rug Pulls & Pump-and-Dump Read More »
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