The Binance Smart Chain dapp TurtleDEX has just performed an exit scam on its users today and stole $2.5 million and deleted the social media profiles right after so let’s read more in our latest cryptocurrency news. The protocol managed to drain 9000 BNB or $2.5 million in users’ funds and a yield farming ecosystem […]

TurtleDex, a Binance Smart Chain dApp, exit scammed its users today, after its highly anticipated launch.

The post Binance Smart Chain project TurtleDex pulls the rug on its users and steals $2.5 million appeared first on CryptoSlate.

And guess what? There’s no sign of TurtleDex anywhere.

The file storage project has all the markings of a rugpull, but will investors be able to get their funds back?

The recent growth in DeFi projects have been accompanied by some major hacks and scams. The article covers security issues and risks and ways to avoid them.

The most expensive single NFT ever sold went for $6.6 million in February.

Compare The Meerkat In the DeFi markets, Meerkat Finance is known as the Yearn Finance (YFI) copy. Meerkat Finance’s token MKAT is down after a supposed exploit, leading to a loss worth $31 million, comprising just under $14 million worth of BUSD and 74,000 BNB. MKAT, which runs on the Binance Smart Chain (BSC), saw … Continued

The post DeFi Project Meerkat Suspected of $31 Million Rug-Pull appeared first on BeInCrypto.

Meerkat Finance, a Binance Smart Chain project has allegedly rug pulled 13.96 million BUSD and 73,635 BNB with a combined total of nearly $32 million, making it the biggest fraud on Binance Smart Chain. The project claimed their system was hacked earlier, but currently the main website cannot be accessed, making many believe that they

The post BSC Project Meerkat Finance Allegedly Rug Pulls Nearly $32 Million in BUSD & BNB appeared first on Coingape.

Popular DeFi project CREAM saw a massive $37.5 million flash loan exploit take place on Saturday. While the story is still developing, the team announced the attack. They stated that they are working on a post mortem through relevant parties.  It appears the exploit took place using Alpha Homora through the borrowing of sUSD from … Continued

The post Attack on CREAM Sees $37.5 Million Stolen appeared first on BeInCrypto.

In the earliest days of the cryptocurrency industry, communities were a crucial element in the success (or failure) of projects — as projects with a vibrant, passionate community tended to flourish, while those without often failed.  But in the last several years, the community spirit surrounding many projects has largely diminished. This has led to […]

What comes to mind when you think of an offshore bank? You probably imagine the sandy beaches of the Bahamas, the sunshine of...

During the last couple of days, the price of Bitcoin rose to $220,000 on the Livecoin exchange. Along with Bitcoin’s exaggerated rise, the price of Ethereum rose by 960% to $6500. Though Bitcoin’s Christmas price of $25,000 may have seemed amazing, this appeared too good to be true. And it was. After this mega-rise in … Continued

The post Bitcoin Reaches $220,000 on Livecoin; Exit Scam Suspected appeared first on BeInCrypto.