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Home » Investors lose $2.7 million as multiple on-chain projects rug pull – FXStreet

Investors lose $2.7 million as multiple on-chain projects rug pull – FXStreet

Investors lose $2.7 million as multiple on-chain projects rug pull – FXStreet

​ Share: PeckShield, a blockchain security firm has reported rug pulls in 13 cryptocurrency assets.  Exploiters have swapped $2.7 million worth of rug pulled tokens for wrapped Ether and wrapped BNB.  Rug pulled tokens, including TPAD, DARK, GIGS, CRE, IPMB and DFUND share the same name as legitimate ones.  PeckShield Inc, a blockchain security company, identified a series of rug pulls in cryptocurrency projects on Friday. A ‘rug pull’ is when fraudulent developers lure investors to projects, only to con market participants and disappear with funds, leaving the token worthless. These sorts of crimes are now rampant in the crypto ecosystem. In…  

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