Tag: scams

DeFi Scams Less Frequent but More Devastating in 2025

DeFi Scams Less Frequent but More Devastating in 2025

The decentralized finance (DeFi) ecosystem saw a puzzling contradictory spike from March–June 2025. And although the number of scams reported fell sharply, the financial harm caused by these fraudulent lotteries, sweepstakes, and prize promotions hit record highs. This shift marks a step backward in a more troubling trend for DeFi....

DeFi Danger: Why Web3 Scams Are Now Fewer, But FAR Deadlier

DeFi Danger: Why Web3 Scams Are Now Fewer, But FAR Deadlier

The fast-changing world of decentralized finance (DeFi) is a thrilling space with immense potential for both revolutionary innovation and personal financial advancement. This innovative, fast-paced ecosystem draws the attention of bad actors looking to game the system and defraud users. Recent data indicates a concerning shift in the nature of...

Further Reading

Loopscale's $5.8M Hack: DeFi Security's Achilles Heel Exposed?

The DeFi space has seen its share of hacks. Now, the recent $5.8 million exploit of Loopscale is drawing a bright red circle around the critical issue of security. The Palumbo incident is worthy of greater scrutiny. It presents an opportunity to explore the inadequacies in the DeFi ecosystem and...

Loopscale Suffers $5.8 Million Loss in Solana DeFi Exploit

Loopscale, a Solana-based lending protocol had a recent security exploit. This unfortunate event resulted in a loss of $5.8 million, representing 12% of its total value locked (TVL). The platform, formerly known as Bridgesplit, officially went live on April 10. Unfortunately, it then became the target of a very sophisticated...

Missed Bitcoin? 6 Altcoins for 10x Gains in April 2025

The crypto world's been buzzing. Bitcoin just flew over $75K, altcoins have been mooning, and brand new narratives started sweeping the news on a daily basis. If you were asleep at the wheel during the first wave of Bitcoin mania, fear not! The crypto train has yet to be derailed....

Top Crypto Presales: BlockDAG, Web3Bay & More - Which Will Soar?

Cryptocurrency’s regulatory landscape is in flux. New projects are announced every day, each one trying to get ahead of the competition for federal dollars and media attention. For anyone trying to stay one step ahead in the Web3 race, grasping the possibilities behind these enterprises is paramount. GreedyChain.com wants to...

Top 7 Altcoins Set to Explode in April 2025: Analyst's Picks!

The cryptocurrency market is ever-changing, with new projects and technologies developing every day. For investors wanting to diversify their portfolios and get in on the next big thing, finding the best altcoins is key. In this article, we will take a look at seven promising altcoins that analysts believe will...

Loopscale Hacked: $5.8M Gone, Lending Paused. What's Next?

Loopscale, a decentralized finance (DeFi) protocol from Solana, was attacked this week to the tune of $1.2 million. The platform suffered a security breach that resulted in the direct loss of over $5.8 million. This incident represented a loss of about 12% of its Total Value Locked (TVL). This event...

Solaxy: Solana's Savior? L2 Solution Pumps Meme Coin Prices!

Solana has been the talk of the crypto world. It has encountered some congestion hiccups on route. Enter Solaxy, a project looking to become Solana’s first-ever Layer-2 (L2) scaling solution. So what is Solaxy, and how might it change the course of the Solana meme coin arena? Let's dive in.What...

Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

Loopscale, a decentralized finance (DeFi) lending protocol on Solana, temporarily halted its lending markets after suffering an approximately $5.8 million exploit. The protocol went live on April 10 following a six-month closed beta. It’s now leveraged by lending markets for tokens like JitoSOL and BONK. With about $40 million in...