Connect with us

Scam Alert

Zachxbt alleges Logan Paul is behind multiple crypto “pump and dump” schemes

Published

2 months ago

on


On-chain sleuth, Zachxbt, has struck once more with a thread on Logan Paul and his alleged litany of shady dealings inside the crypto house. 

Within the thread, the pseudonymous detective revealed a number of the attainable scams Logan Paul has allegedly been concerned in primarily based on his transaction information.

He was ready to do that utilizing Paul’s public tackle, 0xff0, from which he mapped out how funds have been moved out and in from a number of different addresses. For instance, 0xb74 transferred a number of NFTs, together with 3 CryptoPunks, to the principle public tackle.

Supply: Zachxbt

Zachxbt wrote that Logan Paul had promoted a number of pumps and dump schemes over the course of a 12 months. The primary is the ELON token which he hyped in a leak video from his web page.

The video leaked on Could 10, 2021, and by Could 17, blockchain information present Logan had bought his allocation of the tokens. He made $112k off the sale.

In what seems to be an obsession with the Tesla CEO, the subsequent undertaking Logan promoted was $FUCKELON. It appeared he purchased it proper earlier than tweeting that the coin is mooning. Then he dumped the tokens, making $116k from the sale.

Logan Paul additionally promoted the Ethereum Max token in his boxing match with Floyd Mayweather. He obtained free tokens from the undertaking and cashed them out for $71.8k.

The identical token obtained promotions from different celebrities like Mayweather and Kim Kardashian. Those that purchased the tokens are at present suing the builders and promoters for the failed undertaking.

One other pump and dump scheme he obtained concerned in was the failed DinkDoink crypto undertaking. Once more, he hyped the coin with movies and tweets, however it turned out that the coin was his creation.

Past the crypto pumps and dumps schemes, the influencer additionally milked his followers with non-fungible tokens (NFT) tasks. Considered one of them was the CryptoZoo undertaking which was Adobe inventory photos with nostril photoshop.

Whereas the generic nature of the artwork is much less of an issue, the undertaking had blacklisted holders after migrating contracts. Logan Paul, nonetheless, claimed that this was a technical downside that has been rectified, however many buyers are but to obtain their NFTs.

If the allegations are true, it could imply Logan Paul represents the crop of crypto influencers who capitalize on the belief of their followers to shill nugatory tokens and generate profits.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Scam Alert

Hacker wants 10 Bitcoin in exchange for Chinese citizens’ stolen data

Published

13 hours ago

on

July 4, 2022

By


An nameless hacker has supplied to promote the stolen private knowledge of over 1 billion Chinese language residents for 10 Bitcoin (BTC), roughly $200,000.

The information contains the names, birthplaces, addresses, cellphone numbers, nationwide ID, legal info, and different info of personal residents within the nation.

The hacker reportedly gained entry to the Chinese language Shanghai police database stealing over 26 terabytes of private knowledge.

Many initially questioned the credibility of the hacker’s declare given the scale and affect of such knowledge. However the hacker revealed some components of the info to indicate the extent of the injury.

Binance CEO Changpeng Zhao acknowledged the declare. Earlier as we speak, he tweeted that his firm’s menace intelligence detected somebody providing to promote the info of a billion residents from an Asian nation.

In response to CZ, the breach was doubtless “as a result of a bug in an ElasticSearch deployment by a gov company.” Nonetheless, he has confirmed that the exploit was as a result of “the gov developer wrote a tech weblog on CSDN and by accident included the credentials.”

Zhao stated that Binance has improved its safety measures to confirm affected customers. He additionally known as on different platforms to do the identical.

Authorities in China are but to substantiate or deny the breach.





Source link

Continue Reading

Scam Alert

Solana protocol CremaFinance hacked for $8.7 million

Published

19 hours ago

on

July 4, 2022

By


CremaFinance, a liquidity protocol on Solana, was exploited for over $8.7 million this weekend, the platform confirmed on Monday.

The hack follows an exploit within the decentralized finance platform’s tick account, Crema said in an replace.

As soon as they managed to create the faux account, the attacker was capable of “circumvent” a routine safety test, resulting in the withdrawal of thousands and thousands of {dollars} in crypto.

The Solana-based protocol introduced a short lived pause to its service, noting it had initiated an investigation into the exploit with the assistance of business’s main safety companies.

“The hacker swapped the stolen fund into 69422.9SOL and 6,497,738 USDCet by way of Jupiter. The USDCet was then bridged to the Ethereum community by way of Wormhole and swapped to 6064ETH by way of Uniswap after that,” Crema stated in a tweet.

The assault on Crema is one amongst a number of DeFi assaults in 2022, with blockchain safety analytics platform Chainalysis reporting that about 97% of crypto assaults inside Q1 had been linked to DeFi.

Among the many billions stolen year-to-date from protocols are excessive profile losses just like the $615 million on Axie Inifinity’s Ronin bridge; the $320 million heist from Wormhole; the $181 million Beanstalk flash mortgage assault and the $30 million hack on Optimism.

Monitoring web site REKT Database reveals over $3.6 billion has been misplaced to hackers over the previous 12 months, with simply over $1.1 billion returned.





Source link

Continue Reading

Scam Alert

FBI Adds OneCoin Founder Ruja Ignatova ‘Crypto Queen’ to Its Top 10 Most Wanted List

Published

5 days ago

on

June 30, 2022

By


OneCoin founder Ruja Ignatova, also referred to as “Cryptoqueen,” was added to the listing of the FBI’s Ten Most Needed Fugitives for her function in allegedly defrauding traders of greater than $4 billion.

This motion was taken by the FBI in New York, together with the US Lawyer’s Workplace within the Southern District of New York and the IRS Prison Investigation Newark Discipline Workplace. The Federal Bureau of Investigation additionally supplied a reward of as much as $100,000 for data that might result in her seize.

Indicted by a federal grand jury in October 2017, a warrant for Ignatova’s arrest was issued by the US District Court docket for the Southern District of New York at the moment. Ignatova was charged with one depend of conspiracy to commit wire fraud, one depend of wire fraud, one depend of conspiracy to commit cash laundering, one depend of securities fraud, and one depend of conspiracy to commit securities fraud in a superseding indictment that was handed down in February of 2018.

In response to investigators, Ignatova is suspected of being concerned in a fraudulent operation of serious scope. It’s believed that Ignatova and others started defrauding traders round 2014. The amount of cash concerned is estimated to be within the billions of {dollars}.

She was the brains behind the mission that might later turn into often known as OneCoin Ltd., situated in Bulgaria, and promoted a product that claimed to be a cryptocurrency. Allegedly, to place the plan into movement, Ignatova engaged in misleading conduct towards individuals by making false claims and representations to them about OneCoin funding alternatives. 

Ignatova reportedly urged victims to maneuver funding quantities to OneCoin accounts to accumulate OneCoin packages, leading to victims sending wire transfers reflecting their investments. She is accused of partaking on this fraudulent exercise. All through the conspiracy, it’s suspected that victims misplaced greater than $4 billion as a result of fraud dedicated by OneCoin. Ignatova was OneCoin’s high chief till October 2017, when she stepped down.

In March 2019, Ignatova was arrested within the USA for allegedly working a pyramid scheme. In Could of the identical yr, the OneCoin founder was sued by a former investor over an alleged multi-billion greenback fraud.

In Could 2022, the OneCoin founder was declared wished in Europe by the Worldwide Prison Police Group (Interpol) for fraud and cash laundering.



Source link

Continue Reading