Tag: Scam

The $625 Million Crypto Heist That Shook Vietnam

In March 2022, hackers pulled off one of the largest digital heists in history, stealing $625 million from Ronin Network, a blockchain platform powering the hit game Axie Infinity. The attack exposed critical vulnerabilities in decentralised finance (DeFi), leaving investors and gamers scrambling. As the dust settled, questions arose: How did this happen? Who was behind it? And what does…

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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; $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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