The meme coins MEME, MEMEPAD, and TITANX fell victim to a series of rug pulls in the last few hours.
Highlights
- Cryptography scam involves unexpected and intentional value drops in tokens.
- The meme coins MEME, MEMEPAD, and TITANX lost 100% of their value in the last few hours.
- The Fantom Foundation experienced its own cataclysms leading up to Halloween.
- An unidentified entity exchanged more than 8 million DAI, a stablecoin with a 1:1 USD peg, for 4,560.52 ETH and drained the whole amount.
- At current rates, 44 ETH is equivalent to just under $80,000.00 at current rates.
- The platform is battling the consequences of drained funds and swift token exchanges.
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SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities Offerings that Raised more than $1 Billion