The BlackCat ransomware gang is pulling an exit scam, trying to shut down and run off with affiliates' money by pretending the FBI seized their site and infrastructure. The LockBit ransomware ...

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the cryptocurrency and blockchain world. Put simply, an exit scam is a fraudulent operation ...

With the global cryptocurrency market now valued at over $250 billion, it's no surprise that bad actors are working to exploit such a lucrative sector of the economy. Fraudsters have stolen nearly ...

Exit scams, popularly referred to as rug pulls, are “an ongoing criminal scheme in Web3,” according to an update shared by CertiK. CertiK writes in a blog post that a rug pull “involves fraudsters ...

Chinese police are reportedly taking legal action against non-custodial token trading platform EtherDelta in connection with an apparent exit scam. The news was reported on Aug. 7 in a series of ...

Users of a major darknet marketplace say they’ve been unable to withdraw Bitcoin (BTC) and Monero (XMR) as of Tuesday, March 5, amid growing fears of an “exit scam.” The marketplace — Incognito Market ...

Rumors are rife that one of the dark web’s largest English language marketplaces has been hit by an exit scam, potentially shattering trust in underground sites like it. Empire Market, which sells ...

The Loom Network, a platform-as-as-service (PaaS) blockchain initiative, appears to have an extremely uncertain future. Based on investigations and comments from social media users, there’s no real ...

Cryptocurrency crime made good money last quarter, although less than in the first quarter of 2019. Cybercrime against exchanges amounted to $125 million in Q2 compared to $356 million in Q1, ...

In 2018, a young Canadian cryptocurrency entrepreneur named Gerald Cotton died of complications from Crohn's disease while on his honeymoon in India. Or did he? Questions and rumors have long swirled ...

In early 2024, Shell announced plans to sell off all its onshore oil and gas interests in Nigeria’s Niger Delta, meant to conclude its exit from the troubled area—a process that started over a decade ...

2019 is shaping up as the year of the “exit scam” according to a new study from CipherTrace, a cryptocurrency intelligence firm based in Silicon Valley. According to the company's latest Q2 2019 ...