WebApr 13, 2024 · A rug pull scam occurs when the developers of a DeFi project exit scam by draining the liquidity pool, leaving investors with worthless tokens. The developers usually build a community, promote ... WebMar 26, 2024 · The department says Nguyen and Llacuna allegedly stole $1 million worth of cryptocurrency through a rug-pull scam—reveal a new crypto project, accept people's money, and then disappear without...
Frosties NFTs Rug Pulled, Owner Takes off with $1.3M
WebYou may have heard of the Frosties NFT collection, which turned out to be a rug pull that scammed its buyers out of $1.1 million. Ethan Nguyen and Andre Llacuna, the two … Web2024: Frosties. The Frosties NFT scam. How to avoid NFT scams. Do your research. Check the details of any transaction before agreeing to it. Is the marketplace you’re using reputable and well-known? Can you view the buyer or seller’s transaction history? Read reviews and look at creators’ level of engagement to see if there are previous ... boucher used
Understanding Rug Pulls -The Dark Side of DeFi - LinkedIn
WebMar 26, 2024 · By Nathaniel Mott. March 26, 2024. (US Department of Justice) The US Department of Justice has charged two 20-year-olds, Ethan Nguyen and Andre Llacuna, … WebJan 13, 2024 · People who owned Frosties NFTs were quite perplexed on how such a community-driven project with a solid roadmap would turn out to be a scam. Likewise, it … WebFeb 28, 2024 · The non-deleted website of Baby Musk Coin, a scam that made off with $2 million by using a cartoon likeness of Elon Musk as a baby. Screenshot: Wayback Machine. The world of cryptocurrencies and ... boucher\u0027s good books