SafeMoon charged in $5.7 billion ‘crypto’ scam
The U.S. securities regulator accused the three SafeMoon executives of perpetrating a scam in which they withdrew $200 million to purchase sports cars and pay for a lavish lifestyle.
Latest Rug Pull News
Hong Kong, Macau authorities arrest more JPEX scam suspects
Police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of US$191.5 million in assets held on the exchange.
Mutant Ape Planet founder faces charges over $2.9 million fraud scheme
In a classic rug pull, Aurelien Michel allegedly absconded with the funds and abandoned the Mutant Ape Planet project, leaving thousands of investors with worthless digital collectibles.
DoJ files charges vs Baller Ape Club creator and 5 others following NFT rug pull
The cases include an NFT rug pull, a fraudulent investment fund, an unregistered digital currency security Ponzi scheme, and a fraudulent ICO.
New York state lawmakers propose bill to criminalize rug pulls
Senate Bill S8839 and Assembly Bill A8820 both call for the defining, criminalizing, and penalizing digital currency projects designed to fleece investors.
Frosties NFT: 2 charged in US over $1.3M rug pull
The two 20-year-old men, who were arrested in California, allegedly sold 8888 NFTs in early January before abandoning the project and vanishing with the ETH from investors.
Squid Game token crashes to zero as developers make off with $3.4M
Squid Game had several red flags and investors could have easily seen through the vague promises of a gaming metaverse, yet quick riches lured them in.
Compounder dev team steals over $10 million in latest DeFi attack
The Compounder Finance team has rugged pulled its user community and stolen over $10 million dollars right from under their noses.