- PeckShield has reported a number of rug pulls previously hour.
- The rug pull concerned separate meme cash, whose values dropped by 100%.
- Replicas of MEME, MEMEPAD, and TITANX have been all created by scammers.
PeckShield, an industry-leading blockchain safety firm, has reported a number of rug pulls previously hour. The rug pulls concerned separate meme cash whose values dropped by 100%, with these behind them swapping the native tokens to ETH.
The safety firm listed the affected meme cash, every of which bore a reputation that mimicked one other present meme coin. The affected meme cash have been: MEME, MEMEPAD, and TITANX, all created on the Ethereum blockchain.
PeckShield, via its alert platform, shared particulars of the rug pull, together with the pockets addresses used to hold out the operation. The primary deal with swapped all of the MEME within the meme coin’s pockets for about 43.68 ETH. The second deal with swapped MEMEPAD tokens for about 44.84 ETH, whereas the third deal with swapped the TITANX meme coin for about 46 ETH.
The most recent experiences by PeckShield add to the rising variety of cybersecurity threats skilled within the crypto {industry}. In a current article, Coin Version famous that regardless of a drop within the worth of funds stolen from the crypto market, the variety of hacks and different safety points is rising. As of the earlier publication, the crypto {industry} had skilled 75 hacks in 2023, fifteen greater than it recorded in 2022.
Regardless of the recognized rug pull, a TITANX proponent, Fossum, was seen hyping the coin on X. He claimed that customers who staked the coin for 2888 days might rise up to 350% further shares from their funding. Fossum was seen to be encouraging folks to spend money on the rip-off coin whereas PeckShield revealed the alert.
PeckShield categorically differentiated the meme cash concerned within the current rug pulls from the opposite initiatives with related names. The safety agency accompanied every alert with a footnote that notified customers of the clarification.
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