Friday, April 12, 2024

Crypto Hacking News: Rug Pulls, Exploited Tokens, and Slippage Detected

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In the fast-paced world of cryptocurrencies, security vulnerabilities and clever scams are unfortunate but common occurrences. Today, we bring you the latest hacking news within the crypto space. From rug pulls to exploited tokens, and even suspicious slippage, the landscape continues to challenge investors and experts alike.

Rug Pull: IEGT Scammer’s 800 BNB Laundried via Tornado Cash

In our first piece of breaking news, it has come to our attention that a scammer associated with IEGT has managed to launder 800 BNB (approximately $200,000) using Tornado Cash. This discovery was made by PeckShieldAlert, a well-known blockchain security firm. The funds trail leads us to the address 0x8103aff1c41376b7ce7fcc691b52f7052f456289 on the Binance Smart Chain. This incident underscores the importance of remaining vigilant and the need for greater transparency in the world of decentralized finance.

White Hat Intervention: Palmswap Receives 80% of the Funds

In a twist of events, Palmswap.org, a decentralized exchange, has received 80% of the funds associated with the aforementioned IEGT scam. This intervention was carried out by a White Hat hacker, aiming to prevent further exploitation of innocent victims. According to Palmswap’s Twitter account, the organization received around $700,000 as a part of the initiative. You can find the transaction details on BscScan.

$Carson Exploitation: -$145,000 USDT and the Stolen BNB Shuffled via Tornado Cash

$Carson, a prominent token, has fallen victim to an exploitation incident resulting in a loss of approximately $145,000 USDT. The exploiter began the attack by funding 0.4 BNB from Binance and subsequently swapping the stolen USDT for 600 BNB. These funds were then transferred to Tornado Cash, making it difficult to trace the exact movement of the funds and identify the culprit. As a result, $Carson’s value has plummeted by 96%, leaving investors disheartened.

Slippage Detected: SBTDAO Token Plummets 99%

Finally, but no less alarming, we have identified a substantial slippage of 99% in the SBTDAO token (SBTDAO), identified by CertiKSkynetAlert. The token contract address can be found at 0x9679E77cbb21a88b63c1173e706F79C9616eb7a6 on the Binance Smart Chain. This significant drop raises various concerns, from potential manipulation to technical flaws within the project.

The crypto world remains a hotbed of activity, with criminals continuously seeking new methods to exploit vulnerabilities within the system. The recent incidents we have discussed are just a glimpse into the vast array of challenges faced by both investors and security experts. It is crucial for individuals and platforms to keep a vigilant eye on their assets, exercise caution when investing, and work towards enhanced security measures to safeguard the integrity of the crypto space. Stay up-to-date with the latest news and remember to conduct thorough research before making any investment decisions.

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