Investors are urged to steer clear of Sorta Finance on Arbitrum amid strong indications of an impending exit scam. The protocol recently deactivated its Sorta Finance X account, raising serious red flags about its legitimacy. This scammer has a notorious history, previously stealing over $25 million through various scams, including Magnate, Kokomo, Lendora, Solfire, Crolend, […]
Tag: scam
Pink Drainer, a well-known group in the realm of crypto-draining, recently encountered a setback when it lost 10 ETH, valued at approximately $30,000, to an address poisoning scam. This type of scam involves perpetrators sending small amounts of cryptocurrency from a deceptive address that closely resembles the legitimate one, tricking the victim into sending funds […]
Kraken, a prominent cryptocurrency exchange, recently revealed it was exploited for approximately $3 million. The Chief Security Officer at Kraken disclosed the breach, which occurred on June 9th, when the Kraken team received an alert from its Bug Bounty program regarding an “extremely critical” issue. The reported bug allowed attackers to artificially inflate their balances […]