scam

Creator of Mutant Ape Yacht Club NFT Knock-Offs Pleads Guilty of Rug Pull, Theft

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[ad_1] Adding to a list of Web3 criminals, French national Aurelien Michel has admitted to having rug-pulled innocent members of the NFT community while also having stolen $3 million (roughly Rs. 24 crore) from a scam NFT project. Michel is the developer behind NFT collection named the ‘Mutant Ape Planet’ series. Inspired by the popular … Read more

Pepe Coin’s Team Reeling Under Internal Conflict, Financial Drama Unfolds

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[ad_1] Pepe Coin ecosystem is undergoing turbulent times since last week as speculations about the project being a big scam heated up on social media. A Pepe developer has claimed that three members of the memecoin’s developer team ‘went rogue’ last week and made bulky transfers outside of Pepe’s multi-sig wallet for their malicious motives. … Read more

PayPal’s Stablecoin Launch Opens Floodgates for Scam Tokens; Here’s How to Identify Real PYUSD

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[ad_1] PayPal, the US-based online payments giant, has launched PYUSD — its own stablecoin pegged to the US dollar. Banking on PayPal’s massive userbase, crypto scammers have jumped into action to use the opportunity to hunt for victims. Within the first few hours of its launch alone, a bunch of crypto tokens deceptively named around … Read more

Pepe Coin: New Memecoin on the Block Gets Instant Rise, Elon Musk’s Nudge Despite Shady Redflags

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[ad_1] Pepe Coin, a new cryptocurrency, was launched into the market in April 2023 to compete with the likes of Dogecoin and Shiba Inu. The category of cryptocurrencies that Pepe Coin and its competitors are classified under is called the memecoin category. As the name explains, memecoins are cryptocurrencies inspired by elements of memes that … Read more