DeFi News Official Today TheBitTimes.com

In recent months, a total of $3.5 million worth of SOL has been raised by Pump Fun-based memecoins after being promoted via hacked X and Instagram accounts. Scammers targeted accounts belonging to businesses and celebrities such as McDonald’s, Usher, and Wiz Khalifa. They used their wide reach to tease a token’s ticker or contract address, or simply link to a token’s Pump Fun page. Blockchain investigator ZachXBT has traced the initial funding of each of the 16 tokens on the Solana-based launchpad, connecting each incident to funds raised from the preceding scams. 1/ Over the past few months I have been tracking a series of related compromises for McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, etc on X & IG which has resulted in an estimated $3.5M+ stolen via launching Pump Fun meme coins. pic.twitter.com/ViZeHzQy5b — ZachXBT (@zachxbt) November 26, 2024 Read more: ‘Thanks for the 20 bandos!’ Teen behind QUANT rug pull misses out o...

The cybercrime unit of Israeli police completed an investigation against crypto scammers that defrauded users of “tens of millions” of euros. After several months of work, the Israeli police have concluded an investigation targeting an Israeli company that allegedly developed sting software that tricked crypto investors into losing money. The criminals targeted European crypto investors using outbound calls and promised high investment returns. They gave them passwords and usernames to access a fake website with different crypto currency portfolios. Serbian, Ukrainian, Georgian, German, Spanish, and Israeli nationals were among those targeted by scammers. The exact amount of money lured is unknown. However, local media Ynet suggests the amount could be “tens of millions” of euros. The police suspect that the operation was run by some of Israel’s most critical crime families. Local police raided the operations offices and arrested six suspects. ...