Tagged: exit scams

Rug Pulls, Exit Scams Are an Ongoing Criminal Scheme in Web3: Report

March 24, 2023 @ 8:27 am By Omar Faridi |

Exit scams, popularly referred to as rug pulls, are “an ongoing criminal scheme in Web3,” according to an update shared by CertiK. CertiK writes in a blog post that a rug pull “involves fraudsters robbing a crypto project by liquidating their holdings without warning and… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged certik, distributed ledger technology, dlt, exit scams, fraud, research, Research Report, rug pulls, scam, scams, web 3.0, Web3

Over $2.3B Lost to Web3 Scams, Exploits in 2022, Over 377 Cyberattacks Reported

September 4, 2022 @ 2:31 pm By Omar Faridi |

So far in 2022, $2,338,910,183 billion has been “lost to various scams and exploits in the Web3 world and a total of ~377 attacks recorded this year,” according to an update shared by CertiK. Just like in July, August has “seen the same number of… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged certik, cyberattacks, cybercrime, defi, exit scams, exploits, fraud, hacks, research, Research Report, scam, scams, web 3.0, Web3