Tag: crypto scam

SafeMoon: The  Billion Crypto Scam That Fooled Everyone

SafeMoon: The $17 Billion Crypto Scam That Fooled Everyone

In 2021, a memecoin named SafeMoon skyrocketed to fame, luring millions with dreams of wealth. Fuelled by viral hype and celebrity cheerleaders, its $17 billion valuation dazzled investors. Yet beneath the glittering promises lay a trapdoor—one that would soon swallow fortunes. Let’s unravel how a token that vowed to “safely reach the moon” became a black hole for trust and…

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Breaking Down the Poly Network Hack; 0M Stolen in a Cross-Chain Exploit

Breaking Down the Poly Network Hack; $610M Stolen in a Cross-Chain Exploit

In the shadowy corridors of decentralised finance, a digital heist shook the crypto world. An anonymous actor syphoned over $600 million from Poly Network, leaving experts scrambling. The breach exposed cracks in blockchain’s armour, sparking debates about ethics, security, and the motives behind history’s largest DeFi theft. Poly Network Launched in 2020 by Ontology, Neo, and Switcheo, Poly Network pioneered…

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How a simple Discord Call led to a 0M crypto theft

How a simple Discord Call led to a $230M crypto theft

In the shadowy world of cryptocurrency, where fortunes are made and lost in the blink of an eye, a group of young scammers orchestrated one of the most audacious heists in digital history. Their weapon of choice wasn’t sophisticated malware or complex hacking tools; it was simply the art of persuasion. The Perfect Con The air was thick with anticipation…

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