ChainCatcher news, the Seoul Central District Court's Criminal Division 2 recently sentenced A and B, who were arrested and prosecuted for involvement in a criminal organization and fraud, to 5 years in prison each. C, who participated in the crime, was also sentenced to 2 years and 6 months in prison.The judge pointed out: "They collaborated with multiple accomplices to systematically carry out fraudulent activities, causing financial losses to the victims." He also stated, "Such criminal behavior has a negative impact on the overall healthy financial order of society and poses a significant threat."According to investigations, these individuals are suspected of creating fraudulent coins in the Incheon area from June last year to January this year, defrauding a total of about 300 million Korean won (approximately 210,000 USD) in investment funds from 6 victims.They contacted investors by offering the opportunity to purchase coins at a low price before they were listed. After investors bought a small amount of coins, these individuals impersonated employees of a securities company and contacted the investors again, proposing to buy back the coins at a high price, thus deceiving the victims. After the victims purchased a large amount of coins, these individuals disappeared and relocated their office, continuing their criminal activities.

ChainCatcher message, the official FLOKI X platform states that the FLOKI token is only available on the BNB Smart Chain and Ethereum. Currently, fraudulent tokens have appeared on the Solana and Base blockchains, misleading investors. Stay safe and always verify information from official sources.

ChainCatcher message, according to monitoring by Shield, the address 0xbA2b...6Ba0C has conducted multiple Rug Pulls involving fraudulent token pools of Scroll, ZKS, Ultiverse (ULTI), and EigenLayer (EIGEN), stealing approximately $420,800 worth of WETH.

ChainCatcher message, Chainalysis found through analyzing all tokens launched on Ethereum and BNB Chain in 2022 that among the 1.1 million new tokens launched last year, if only counting those that achieved at least 10 exchanges and traded for 4 consecutive days within a week of their release, the number of new tokens is 40,521. Among the 40,521 tokens, 9,902 (24%) experienced a price drop of over 90% in the first week, indicating potential pump-and-dump activities.Chainalysis estimates that investors spent $4.6 billion worth of cryptocurrency purchasing these 9,902 different suspected fraudulent tokens. Among them, 445 individuals or groups account for 24% of the 9,902 tokens with suspicious pump-and-dump characteristics. (Source link)