News Explorer — South Korean Prosecutors Charge Meme Coin Creators for 'Rug Pull'—Price Pumps 6,000%

Generated by AI, curated by humans

May 27, 1:09 pm

Decrypt

South Korean Prosecutors Charge Meme Coin Creators for 'Rug Pull'—Price Pumps 6,000%

South Korean prosecutors have charged five individuals for orchestrating a meme coin rug pull on Pump.fun, causing $600,000 in damages. The defendants created the CatFi token on Solana, which quickly crashed after a significant pump, resulting in losses for 256 investors.

South Korean prosecutors have charged five individuals for orchestrating a meme coin rug pull on Pump.fun, causing $600,000 in damages. The defendants created the CatFi token on Solana, which quickly crashed after a significant pump, resulting in losses for 256 investors.

Latest

May 29, 12:39 pm

Decrypt

Bitcoin ETFs See Massive Outflows Totaling $2.8 Billion in Record 9-Day Losing Streak

Bitcoin ETFs have experienced significant outflows totaling $2.8 billion over nine consecutive days, with the largest si... Read Summary

May 29, 11:59 am

Decrypt

Ex-Police Colonels in Ukraine Accused of Kidnapping Crypto Entrepreneurs

Former Ukrainian police colonels allegedly formed a criminal gang, kidnapping crypto entrepreneurs and extorting over $2... Read Summary

May 29, 10:44 am

Coindesk

Kalshi Files Federal Lawsuit Against Minnesota's Prediction Market Ban

Prediction market Kalshi has filed a federal lawsuit against a Minnesota bill criminalizing prediction market operations... Read Summary

May 29, 10:34 am

Decrypt

Paxos Receives SEC Registration as Clearing Agency

Paxos Securities Settlement Company, a subsidiary of Paxos, has become the "first blockchain-native firm" to receive SEC... Read Summary

May 29, 9:10 am

Coindesk

Strategy's Stretch (STRC) Preferred Share Price Drops With Bitcoin

Strategy's perpetual preferred security, Stretch (STRC), experienced a drop to $97.11 as bitcoin fell to $73,000. STRC f... Read Summary

May 29, 8:19 am

Coindesk

TrapDoor Malware Campaign Sets Sights on Solana, Sui and Aptos Wallet Keys

A new crypto-theft campaign, TrapDoor, targets developers with wallet keys, cloud credentials, and production access. Th... Read Summary

May 29, 7:24 am

www.gamblingnews.com

European Union May Tax Gambling and Digital Firms, Aiming to Generate Billions in Revenue

The European Commission is considering taxing the gambling industry and other sectors to generate up to EUR 13.3 billion... Read Summary

May 29, 6:07 am

Coindesk

OKX Ventures, Korea Investment & Securities to Invest $106 Million in Coinone for 39.2% Stake

OKX Ventures and Korea Investment & Securities will collectively invest KRW 160 billion ($106 million) for a 39.2% stake... Read Summary

May 28, 8:09 pm

Decrypt

SUI Down Over 5% as Outage Shuts Down Network for Hours

The Sui network faced a major outage due to a network stall, causing over five hours of downtime and counting. Engineers are working on a solution, with a fix being rolled out to validators. Read Summary

May 28, 7:53 pm

Coindesk

Crypto Firm FalconX Confidentially Files With SEC for IPO: Report

FalconX has confidentially filed a draft S-1 registration statement with the SEC, taking the initial step towards a pote... Read Summary

May 28, 6:53 pm

Coindesk

Tether's USAT Token Sees Over 500% Boost in Circulating Supply

Tether's USAT token saw a 540% growth in circulating supply and reserve assets in April, reaching $140.8 million and $14... Read Summary

May 28, 5:51 pm

Protos

Sequans Communications Sells Off Bitcoin, Ending Treasury Experiment in Less Than a Year

Sequans Communications, a French semiconductor company, is winding down its Bitcoin treasury experiment after redeeming... Read Summary

May 28, 5:58 pm

Decrypt

Large Bitcoin Holders Are Reducing Their Balances, Just Like During the 2022 Bear Market

According to a report by CryptoQuant, the balances of large Bitcoin holders, known as "whales," have been decreasing ove... Read Summary

May 28, 5:52 pm

Decrypt

The Clarity Act Could Reshape Global Crypto Regulation and Boost Institutional Adoption

The Clarity Act, if passed, would legalize most crypto activity in the U.S. and set a new standard for global crypto reg... Read Summary

May 28, 5:28 pm

Coindesk

Hyperliquid SpaceX Contracts Plunge 45% in Flash Crash, Prompting Liquidations

Hyperliquid's SPACEX-USDH perpetual contract experienced a drastic flash crash, dropping 45% in value within 30 minutes... Read Summary