Tag Archives: rug pulls

Not long ago, we put out an article talking about how May was the worst month for bitcoin this year. The currency ended May about two percent less than where it had been in previous months, and this was the first time this year in which BTC didn’t finish a 30-day period on a high. Mike Novogratz – a bitcoin bull and hedge fund manager – had a lot to say on the matter as he made clear in a recent interview. Mike Novogratz on the Current State of BTC In his...

Hackers have learned to manipulate smart contracts so they can engage in what are known as crypto “rug pulls” and make off with heavy profits. Rug Pulls Are Becoming Too Common According to a recent document published by blockchain analysis firm Chainalysis, rug pulls were the most common cyberattack to occur in the crypto space throughout 2021. Rug pulls are when new coins or tokens are established very quickly. The developers ultimately do all they can to bring...