$85,145.00
0.66%$1,616.23
1.44%$2.09
0.24%$590.75
-0.64%$138.53
3.24%$0.999964
0.00%$0.157298
-0.51%$0.242134
0.32%$0.626577
-0.18%$1,614.44
1.44%$85,150.00
0.71%$9.30
0.71%$20.01
4.59%$12.98
2.90%$0.247046
2.09%$2.95
-2.01%$0.00001226
-0.33%$0.999813
-0.00%$0.1663
0.49%$2.16
0.63%$1,936.91
1.42%$334.08
-2.32%$17.87
5.51%$75.81
-1.42%$3.77
1.75%$4.52
2.78%$0.999899
0.02%$0.999155
-0.01%$0.646538
4.36%$1,614.63
1.37%$28.01
0.41%$211.77
-2.55%$1,720.29
1.44%$85,140.00
0.65%$5.31
2.00%$0.00000736
1.40%$50.74
0.23%$4.91
3.47%$22.53
0.80%$0.850257
2.04%$33.54
0.42%$2.16
4.90%$1.048
-0.02%$1.00
0.00%$283.94
6.79%$15.95
2.78%$4.92
2.67%$0.083802
-0.49%$0.66399
1.02%$4.14
4.77%$141.18
1.65%$1.17
0.04%$0.077706
2.00%$0.02347054
0.72%$4.19
-0.73%$4.23
-0.01%$85,058.00
0.81%$2.57
3.49%$8.38
8.90%$0.191256
0.98%$0.192614
1.28%$0.998759
-0.00%$0.285051
0.99%$0.471007
1.10%$0.570278
12.07%$2.44
2.28%$0.302865
3.53%$3.90
1.56%$85,022.00
0.57%$10.03
-0.15%$144.76
3.31%$0.701366
5.45%$1,379.81
1.47%$0.072327
2.18%$0.389399
3.10%$3.83
-3.52%$1.026
0.99%$0.01608676
0.15%$1,616.59
1.45%$0.759644
7.09%$0.637065
0.81%$0.00001236
3.03%$1,683.85
1.56%$1.00
0.03%$65.03
1.19%$0.611661
2.91%$0.172253
0.19%$0.478998
8.40%$0.999737
-0.01%$0.999988
0.01%$14.63
5.91%$3,350.96
0.03%$0.999915
0.00%$8.32
4.58%$0.615217
2.34%$0.082299
5.17%$0.779866
-0.11%$1,817.97
1.29%$3,352.90
-0.13%$84,115.00
-0.14%$590.84
-0.71%$0.01437256
3.94%$85,140.00
0.67%$0.685986
19.93%$0.99801
0.01%$0.67799
5.12%$152.76
3.41%$0.01524167
6.67%$0.267398
2.73%$178.14
3.50%$0.713929
2.64%$2.20
2.51%$1,718.03
1.50%$0.998888
-0.02%$0.166249
3.43%$0.01848553
0.40%$3.41
-0.52%$0.00000061
0.86%$0.101822
0.59%$1.091
-0.77%$0.607329
-7.64%$0.368613
2.26%$28.80
0.74%$0.231296
-3.59%$1.95
3.56%$0.00005761
2.30%$1.67
4.31%$0.283992
2.61%$0.424658
6.89%$0.502725
0.25%$3.19
1.81%$1,689.75
1.44%$0.13955
1.24%$31.43
-0.41%$84,196.00
-0.80%$0.998134
0.03%$0.068189
0.59%$14.49
3.09%$81,995.00
-0.75%$0.999965
0.01%$1.68
0.41%$0.999964
0.01%$0.418261
-1.71%$0.588385
2.14%$2.13
2.39%$85,176.00
0.81%$83,087.00
0.00%$0.00741069
0.25%$0.00455005
2.81%$0.00000042
0.25%$1.18
2.86%$0.440116
0.79%$0.410715
2.60%$1,688.21
1.47%$1.084
0.13%$1.00
0.01%$14.39
-0.78%$0.157221
-0.50%$0.0000203
1.58%$5.63
0.64%$110.75
0.00%$1,718.44
1.47%$85,084.00
0.84%$1,612.58
1.36%$0.581931
0.76%$0.130255
5.11%$22.62
-0.31%$2.31
1.47%$0.462722
6.65%$5.57
5.09%$3.33
0.60%$0.999679
0.00%$40.22
0.52%$0.03744004
2.29%$0.069563
2.75%$1,616.59
1.43%$0.03572847
3.63%$1.00
0.08%$1,616.34
1.46%$1,616.84
1.48%$1.00
0.02%$0.073472
4.08%$0.126552
-0.48%$0.191406
1.01%$0.00627143
2.15%$0.163952
1.13%$0.00006019
1.65%$0.999708
0.01%$0.01663509
0.50%$0.999697
0.01%$0.274161
1.04%$0.76746
0.93%$0.392443
1.44%$0.503838
3.74%$0.00484451
2.26%$0.03058673
0.34%$0.00357081
1.25%$1.00
0.05%$0.999741
-0.01%$1,631.91
1.49%$0.677304
4.72%$0.300051
3.83%$108.57
0.34%$2.51
2.66%$0.04016837
13.07%$85,088.00
0.60%$0.00000134
-2.98%$3,232.49
0.00%$0.269203
-0.11%$0.129957
1.49%$1.066
0.42%$0.214163
2.79%$85,202.00
0.83%$2.75
0.42%$21.20
0.53%$1,595.82
1.35%$23.29
2.71%$3.18
-8.92%$0.565753
0.19%$0.999958
-0.04%$0.547505
3.65%$0.17545
2.90%$1.00
0.00%$1,617.21
1.52%$0.41918
0.61%$20.03
4.74%$1,707.82
1.32%$0.102464
2.66%$0.01183343
1.09%$0.02759857
1.75%$0.00039143
6.82%$0.238168
-0.73%$0.464768
0.78%$1,709.83
0.66%$3.47
0.90%$2.14
0.85%$0.00253511
-2.96%$0.261644
1.86%$0.931932
1.70%$13.39
6.27%$0.999647
-0.01%$1.14
0.07%$0.644365
3.22%$1,770.63
1.42%$85,016.00
0.68%$0.085505
-2.12%$0.00239799
-2.09%$1,756.56
1.38%Reading
When Yearn Finance (YFI) creator Andre Cronje tweeted about his new credit lending and loans product, Deriswap, today, a bunch of opportunistic scammers jumped in to ride out its immediate popularity. One such pool made over $53,000 in under 30 minutes.
André just gave an update about deriswap 30 mins back. Someone created a fake token called $DWAP. 60 addresses in less than 15 mins with 150+ ETH.
Aaaaanddd its gone.
Take few mins to hover around etherscan before u jump, it’s not that hard.
— halfapple (@icefrog772) November 23, 2020
Cronje is seen in crypto circles as a prolific developer with a Midas touch. Hype and a “fair” launch (and an extremely low 30,000 supply cap) caused the token prices of his first project, YFI, go from under $30 in July to a peak of $42,000 in September. As a result, hopefuls would pile inordinate amounts of money into subsequent Cronje projects—like Keep3r Network and the now-defunct Eminence—to bank on quick profits, even though they weren't fully tested.
But today, Cronje only released only a product and no token. Perhaps this was to avoid the issue of his loyal userbase plowing into his latest thing and then complaining when there's an issue. But this new tactic, however, didn’t stop scammers from almost instantly issuing fake “DWAP” tokens on decentralized exchange Uniswap to immediately attract traders wanting to pile into the next Cronje moonshot.
A bit of background: Issuing on Uniswap is easy. Anyone can put up a token, create a trading pair with another token (usually Ethereum or a stablecoin like Tether), and supply liquidity to both sides to launch a pool. With a market now created, buyers and sellers are free to join in to trade.
The Blue Kirby Twitter account, a briefly popular member of the Ethereum community, has vanished after pulling in $1 million from the YFI token and other decentralized finance (DeFi) enterprises. As documented by Anthony Sassano, co-founder of EthHub, in his newsletter, Blue Kirby went from zero to hero in just a few months—building up a substantial Twitter following. His rise to prominence came on the back of a DeFi token that skyrocketed in value. And yet, after a mishap that lost a bunch of...
Today, after Deriswap was released, the first such scam pool saw an attacker issue fake DWAP tokens, supply the Uniswap pool with 72.4 ETH, conduct a few trades, attract gullible traders, and exit the entire pool with 162.3 ETH about 20 minutes later. This process netted the scammer over 90.1 ETH, worth over $53,000 at current prices.
They even sent the illicit DWAP tokens to the ‘yearn:deployer’ contract address to make the issuance seem more legitimate, as the below image shows. This is the contract that Cronje controls and makes updates to Yearn Finance from:
Meanwhile, since then, over 30 DWAP pools have been issued on Uniswap, each attracting liquidity and netting scammers with several ETH for their efforts. All this, considering Deriswap did not even exist until this morning.
It’s already 30 Deriswap fake tokens, be cautious. https://t.co/d7HnSfw8oz pic.twitter.com/gUWJNxKxxE
— Stan Gulchenko (@stangulchenko) November 23, 2020
But the scams are part of a larger trend in the DeFi space, with the lure of quick money, easy token issuances—compared to previous years where listings on centralized exchanges were prohibitively expensive for smaller projects—and unaudited smart contracts causing millions of dollars to be lost to intentional scams or hacks each week.
Clearly not the financial future that crypto proponents hoped for—at least not yet.
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Kraken has reorganized its staff across multiple departments in recent months as part of a strategic move before its planned initial public offering next year. A Kraken spokesperson told Decrypt that the company continuously evaluates its workforce to ensure it aligns with its strategic priorities. “We’re approaching this with discipline and intention, making the difficult decision to eliminate certain roles and consolidate teams where redundancies exist, while continuing to hire in key areas of...
eXch crypto exchange will shut down operations on May 1 following links to the $1.4 billion Bybit hack and an "active transatlantic operation," the team said Thursday. eXch is a privacy-focused crypto exchange known for operating without typical KYC, or know-your-customer) requirementsThe closure comes amid mounting allegations that eXch was complicit in the $1.4 billion Bybit hack in February, allegedly facilitating money laundered by North Korea's Lazarus hacker ring. The exchange cited an "ac...
