SnowdogDAO (SDOG), the first memecoin to launch on Avalanche, lost over 90% of its value yesterday in what many believe was the platform’s largest rug pull.Despite millions of dollars in investments lost, the SnowdogDAO team maintains that the event wasn’t a rug pull, but a “game-theory experiment” gone wrong.Insiders front-run a token designed to avoid front runningSnowdogDAO, … [Read more...] about Avalanche’s first memecoin SDOG ends in a $30M rugpull
rugpull
Dfinity founder shoots down all ‘rugpull’ allegations around Internet Computer (ICP) tokens
Headquartered in Zürich, Dfinity Foundation is a not-for-profit organization that is developing technology for the Internet Computer (ICP) blockchain and its aggressively growing ecosystem.After five years of development, the project finally launched its governance token for public trading in May 2021.Following a day of trading carnage, ICP landed among the top 10 cryptos, but … [Read more...] about Dfinity founder shoots down all ‘rugpull’ allegations around Internet Computer (ICP) tokens
Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
After close to a month of consulting with industry experts and journalists within Cointelegraph and without, we’re proud to unveil a new segment for Finance Redefined, a.k.a. the premier DeFi industry newsletter: on-chain analysis. Reporters will often look to public records to bolster stories, and the blockchain is no different. Everything from analyzing the wallet of the fake … [Read more...] about Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
Binance Smart Chain ‘copykat’ project loses $31 million in possible rugpull
At roughly 9 am UTC today Meerkat, a decentralized finance (DeFi) protocol on Binance’s smart contract platform, lost $31 million worth of BNB tokens. While the team initially claimed that they had been the victim of an exploit, they have since deleted all social channels, and due to the nature of the exploit some believe the team liquidated and pilfered user funds — a type of … [Read more...] about Binance Smart Chain ‘copykat’ project loses $31 million in possible rugpull