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An alleged scammer with a history of crypto rug pulls has just made $430,000 shilling the SCI6900 token with the help of a post on X from former Binance CEO, Changpeng Zhao.  Crypto sleuth “Dethective” recorded the trader, known as @SmokezXBT, buying sums of the memecoin Shanghai Composite Index 6900 (SCI6900) before shilling the token with various other crypto influencers.  They then proceeded to dump their holdings for an hour before the price began to drop. However, they decided to buy some more of the token at 4:44am UTC time.  The timing of this purchase is remarkable, as just over one minute and 34 seconds later, Zhao responded to a post promoting the token, asking, “Is this real?” From there, the market cap of the token shot from $3 million to almost $29 million in 10 minutes . Its price increased by 4,557% over the past 24 hours. Read more: Traders blame CZ for ending BNB memecoin season ZachXBT with the ‘grifter’ receipts ...

XRP has witnessed one of the most iconic price breakouts in the cryptocurrency market, but to one analyst, this momentum does not add up.  Rajat Soni has questioned the legitimacy of XRP’s growth, describing it as ‘not natural’ and suggesting it could be part of a ‘pump and dump’ scheme, he said in a post on X on December 3. Soni highlighted XRP’s 435% surge since November 2 while pointing out its relatively modest 11% growth since 2018, which he called inconsistent.  Picks for you Jim Cramer reveals what could cause the next U.S. stock dump 42 mins ago U.S. politician just made a super suspicious crypto trade 2 hours ago Ripple p...

A new Delaware-based crypto project that parodies long-bankrupt energy company Enron is apparently “recruiting” for a nuclear systems engineer as it gears up to launch its first token. Houston-registered Enron Corporation famously went bankrupt in December 2001 after a number of its executives were found to be using fraudulent accounting practices to inflate the firm’s revenues. However, the ‘Enron’ that is apparently preparing to make waves in the world of crypto is a very different entity. For starters, at the time of its bankruptcy in 2001, Jeffrey Keith Skilling and Kenneth Lay were the company’s CEOs. Recent trademark documents, however, reveal that the new Enron Corporation is not only now registered in Delaware but the venture, which describes itself as a “parody” in its official terms of use, is helmed by a new CEO called Charles Gaydos. We're back. Can we talk? pic.twitter.com/9kt4g0Q84Z — Enron (@Enro...

Informed Crypto News While many crypto influencers are busy celebrating the dawn of AI-led digital assets and AI-managed hedge funds, their more observant counterparts have noticed that many of the most mundane tasks earmarked to be carried out by AI bots actually require human intervention. Indeed, on Monday, crypto’s pre-eminent AI ‘bot’ — which received unbridled praise from supposed luminaries like Arthur Hayes after it led the memecoin GOAT to an $800 million market capitalization — couldn’t even launch a website. According to Andy Ayrey, the crypto-trading AI bot he coded, Terminal of Truths, created a website and co-registered a domain name for memecoin Goatseus Maximus (GOAT). However, the bot didn’t do any of this. When I read about the AI that launched its own memecoin and religion I immediacy aped in. $GOAT pic.twitter.com/UlduBlzxU2 — Arthur Hayes (@CryptoHayes) October 17, 2024 Arthur Hayes says an AI launched a memecoin…...

Crypto Scam mers are exploit ing a four-year-old documented flaw in X (formerly Twitter ) to impersonate celebrities and promote fake giveaways to steal crypto and NFTs. The flaw, reported by Bleeping Computer back in 2019, involves a switch around in X URLs — which still register as twitter.com. It redirects users to crypto scams. A Twitter URL consists of a person’s account name followed by a status ID, as follows: https://twitter.com/[account_name]/status/[status_id]. Crypto scammers can create an account imitating a public figure, post a phishing link, and change the account name of that post’s URL. This makes it appear as though the public figure is endorsing the post, particularly on mobile. Twitter verification is making scammers millions — here’s how Read more: Musk Twitter scams pivot to paid ads that shill Mars trips and brain chips Security researchers noted in 2019 that the URL exploit can be used for phishing campaigns and reportedly open up the potent...

Bad actors have flooded X, impersonating the bankruptcy claim agent for Celsius to scam claimants. Celsius users are targeted by a potential phishing email attack as the final court approval of its restructuring plan is anticipated on Oct. 2. Several users reported on X they had received phishing emails pretending to be from Stretto, the Claims Agent for the Celsius bankruptcy proceeding. A phishing email pretending to be sent by Stretto to Celsius claimants | Source: BleepingComputer One of the phishing emails shared with BleepingComputer was offering a creditor a 7-day exit window to claim their crypto frozen on Celsius. According to the details, the letter was sent using the address no-reply@stretto[.]com and passed Sender Policy Framework (SPF) checks. The report also says the email includes a link that routes victims to the phishing website claims-stretto[.]com, registered on Sept. 19, 2023. You might also like: Former Celsius executive pleads guilty to pri...