Cryptocurrency News Today TheBitTimes.com

Source: Crypto.com On August 29, 2024, a significant cryptocurrency scam unfolded when the X account of renowned footballer Kylian Mbappé was hacked. The breach led to a fraudulent token being promoted to Mbappé’s millions of followers, causing substantial financial losses and raising concerns over social media security. Hack and Immediate Impact The hack occurred on Mbappé’s X account, where attackers posted promotional messages for a cryptocurrency token named ‘$MBAPPE’. According to reports, the scam token’s market capitalisation surged dramatically to $460 million before plummeting to less than $100,000. This rapid rise and fall caused devastating losses for many investors. All of Kylian Mbappe’s hacked tweets incase you missed it… A thread pic.twitter.com/4XEpWpnXQA — george (@StokeyyG2) August 29, 2024 One notable victim, whose identity remains undisclosed, invested over $1 million worth of Solana (SOL) into the $MBAPPE token ...

Previous rug pull survivor and anonymous blockchain sleuth ZachXBT shared an alert on Nov. 14 of a possible exit scam for Lendora Protocol, a decentralized lending platform on Scroll. As part of the warning, ZachXBT urges users to withdraw their assets from the protocol immediately. A look into Lendora The investigation revealed that approximately $83,000 received by the Lendora Team multisig is linked to the Kokomo exit scam, raising suspicions about the legitimacy of the project. At the same time, other users of the Lendora Protocol were found to have connections to both the Kokomo and Bass Exchange exit scams. Update: The website is now offline and they paused the contracts pic.twitter.com/uWmsi73C44 — ZachXBT (@zachxbt) November 14, 2023 Furthermore, it has been discovered that the same bottom-tier security firm, Vital Block, was employed for both the Lendora Magnate scam and their previous project, Magnate. This group, responsible for various scams, including Solfire...