Altcoin News by Thebittimes.Com

A new rug pull scam sees users lose several thousands of dollars to a fake Linea token project.  Blockchain security analyst Certik identified a latest rug pull scam, as a fake Linea token project that scammed users out of nearly $743,000. Victims have stated that the scam was potentially conducted by a Russian user named ‘AltLex,’ who was promoting the token on social media.  #CertiKSkynetAlert We have seen an exit scam on a fake Linea token Eth: 0x00000000fEB6A772307C6aA88AB9D57b209aCb18 ~$743k has been deposited into Tornado Cash Victims report that the token was promoted by an individual with the username AltLexhttps://t.co/Rt3u1jV4ft — CertiK Alert (@CertiKAlert) October 25, 2023 The scammer allegedly used a honeypotting technique, luring users away from the legitimate Linea token , which is an Ethereum scaling network. The scammer later deposited the entire amount to crypto mixer Tornado Cash, which has been recently accused of allowing criminals and North Korean ...

Cable news network CNN has bid adieu to its Web3 and NFT experiment, Vault. Announcing the same, the official statement on Twitter read, “We have decided that it’s time to say goodbye to Vault by CNN . “ Vault by  CNN  was created last year and typically offered buyers NFTs that commemorated major news events. Post the announcement, people from the space did not hesitate from adding tags like bizarre to its market. Elaborating on the journey, the statement noted, “Vault was originally launched as a six-week experiment, but the support and engagement from our community let us expand this project into something much larger.” News of our own to share pic.twitter.com/qcxaDXNRYO — Vault by CNN (@vaultbycnn) October 10, 2022 Rug-pull accusations against CNN pour in At the time of the launch, the news cable network had chalked out its intention to expand and had given word to users about future airdrops . It had stated at that...