On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoi...
Coinbase’s Layer-2 (L2) Network, Base, has faced intense backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%, sparking a debate about the future of memecoins and on-chain content. Related Reading: Aptos (APT) To Continue Moving In ‘No Man’s Land’ – Can It Reclaim $5? The Rise And Fall Of Base’s Unofficial Memecoin On Wednesday, Base’s official X account posted an image with the text “Base is for everyone.” Moments later, they shared a link to the on-chain social protocol Zora and the caption “Coined it,” sparking a speculative....
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Magnate Finance, a DeFi lending protocol on the Ethereum layer-2 network Base, is reported to have conducted a rug pull, robbing its users of $6.4 million worth of assets. This event represents the latest troubling incident on the Base network in merely a month of its official mainnet launch. Related Reading: BALD Deployer Moves Proceeds Of The Rug From Base To Ethereum 3 Rug Pulls, $16.7 Million Lost – Who’s Responsible? On Friday, August 25, blockchain security intelligence Peckshield confirmed Magnate Finance’s rug pull, stating that the project developers manipulated the....
The bitcoin exchange isn't receiving the regulatory approval it expected for its Lend product, citing a lack of clarity from the SEC.
The Internet’s detective, Coffeezilla, faces his most unbelievable adversary yet. SafeMoon’s story is so ridiculous that it defies all logic. In his “I Uncovered A Billion-Dollar Fraud” video, Coffeezilla and a group of researchers do their best to figure out exactly what happened in this curious case. Is SafeMoon a rug pull or is it […]
An unofficial referendum pursued by the Venezuelan opposition leader Juan Guaidó took place over the weekend in Venezuela powered by a blockchain platform, while at the same time, parliamentary elections called by the president Nicolás Maduro also had its scenario in a widely criticized, qualified by many countries as a “fraud.” Venezuela’s Guaidó Orchestrated Parallel Referendum via Blockchain Platform According to Spanish media outlet ABC, over 6.5 million Venezuelans cast their votes via Voatz, a U.S. blockchain-powered platform used for....
There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out. The ad, which aired on March 17, was quickly taken down because it made fun of gender identity problems, sparking widespread criticism. Related Reading: Dogecoin Hit By Huge Sell-Off—65 Million DOGE Sold […]