Crypto Scam
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Cetus Protocol Hit by $223M Exploit, Recovery Efforts Underway
Cetus Protocol suffered a major hack earlier today, with attackers stealing around $223 million from the platform. In response, the team announced taking quick steps in locking their smart contract to prevent any further movement of funds. According to the team, out of the total amount stolen, $162 million has been successfully paused, meaning the…
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Solana Crashes Hard! Has the Memecoin Hype Finally Died?
Solana (SOL) has suffered a major price decline, with its value decreasing as concerns over network congestion, fraud and security breaches have started to emerge. The previous reputation of the blockchain which was a benefit for high-speed distributed applications, has tired due to the influx of fraudulent website activities, which most recently have led to…
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SEC’s Crypto Crackdown: Major Fraud Unit Launched After $250M Scam!
The U.S. Securities and Exchange Commission (SEC) has announced the creation of the Cyber and Emerging Technologies Unit (CETU) to tackle fraud and cybercrime in the cryptocurrency and blockchain sectors. This new unit was launched on February 20, 2025, to replace the former Crypto Assets and Cyber Unit of the SEC and aims to improve…