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Rug Pull

One of the developers behind the "Mutant Ape Planet" rug pull has pleaded guilty to fraud. (Jesse Hamilton/CoinDesk modified by Photomosh.com)
Policy
Regulations
'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud
French developer Aurelien Michel pleaded guilty in U.S. federal court and agreed to pay $1.4M, according to prosecutors.
One of the developers behind the "Mutant Ape Planet" rug pull has pleaded guilty to fraud. (Jesse Hamilton/CoinDesk modified by Photomosh.com)
By Jesse Hamilton
Nov 14, 2023 at 8:03 p.m. UTC
Nov 14, 2023
RegulationsRug PullNFTDepartment of JusticeCriminalPlea Deal
Money to burn cash on fire (Jp Valery/Unsplash)
Markets
Defi
BALD Token Plunges 90% as Developer Pulls Liquidity
BALD launched a little over 24 hours ago and has attracted massive hype - and millions in capital - to Base blockchain.
Money to burn cash on fire (Jp Valery/Unsplash)
By Shaurya Malwa
Jul 31, 2023 at 1:06 p.m. UTC
Jul 31, 2023
DeFiRug PullBase
Phishing attack hack hook keyboard (Shutterstock)
Technology
Defi
Chibi Finance Rug Pulls Users for $1M, CHIBI Falls 98%
CHIBI tokens dropped 98% in the past few hours.
Phishing attack hack hook keyboard (Shutterstock)
By Shaurya Malwa
Jun 27, 2023 at 12:10 p.m. UTC
Jun 27, 2023
DeFiRug Pull
The U.S. Department of Justice seal on a podium in Washington, D.C., U.S., on Thursday, Aug. 5, 2021. The Justice Department has opened an investigation into the City of Phoenix and the Phoenix Police Department looking into types of use of force by Phoenix police department officers.
Policy
Nfts
US Justice Dept. Charges 2 in NFT 'Rug Pull' Scheme
"They pulled the rug out from under the victims," U.S. Attorney Damian Williams said of the creators of the Frosties NFT collection.
The U.S. Department of Justice seal on a podium in Washington, D.C., U.S., on Thursday, Aug. 5, 2021. The Justice Department has opened an investigation into the City of Phoenix and the Phoenix Police Department looking into types of use of force by Phoenix police department officers.
By Danny Nelson
Mar 24, 2022 at 6:15 p.m. UTC
Mar 24, 2022
NFTsRug PullFraudUSUS Justice DepartmentFrosties