ChainCatcher news, according to a report by Cointelegraph, based on the latest report from the blockchain analysis platform DappRadar, there were 21 "Rug Pull" incidents at the beginning of 2024, while there have only been 7 incidents so far in 2025, indicating a yearly decline in their frequency. However, since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion due to such incidents, with 92% attributed to the collapse of Mantra's OM token (the token's founder denies this was a "Rug Pull"). In contrast, the total losses from "Rug Pull" incidents during the same period in 2024 were $90 million.DappRadar analyst Sara Gherghelas pointed out that although the frequency of such incidents has decreased, their destructiveness has increased, and the scams have become more complex, often orchestrated by professional teams. The nature of these incidents is also evolving; in the first quarter of 2024, many originated from DeFi protocols, NFT projects, and Meme coins, while in the same period of 2025, they mostly occurred in the Meme coin sector. Gherghelas also warned that a sudden surge in the number of unique active wallets, high transaction volumes but low user activity, unverified smart contracts, limited GitHub activity, anonymous developer teams, or projects with sudden spikes in DApp activity could all be warning signs of a "Rug Pull."

ChainCatcher message, The ETF Store President Nate Geraci posted on X: "Creating a meme coin only takes a few clicks, which is why 60,000 meme coins are created every day, and this is well known.At this point, if you get 'rug pulled'—whether by Trump, Milei, or anyone else—this is not an indictment of crypto, but rather your own 'fault.' For my traditional finance friends who haven't played with meme coins yet, the focus should be on the technology, not the 'grift.'The technology is nearly flawless; it is currently just a real-time testing environment serving what you see, but it will evolve further from this stage."

ChainCatcher news, according to market news, the Argentine opposition threatens to impeach President Javier Milei, accusing him of promoting a cryptocurrency rug pull that caused the token's market value to plummet from $4 billion to $418 million within a few hours.

ChainCatcher news, according to Decrypt, in November 2024, a U.S. court ruled that 21-year-old Berman Jerry Nowlin helped orchestrate a $400,000 NFT "Rug Pull" incident, with charges including telecommunications fraud and money laundering. According to Nowlin's family, Nowlin has since committed suicide.Berman Jerry Nowlin, along with 25-year-old Devin Alan Rhoden, sold two collections of Solana NFTs in 2022, the first series being "Undead Apes," the second series being "Undead Lady Apes," and the sale of the third series "Undead Tombstone" was halted. The two earned nearly $400,000 in total from these sales before being convicted.A report from the U.S. Department of Justice explains that the success of these projects was due to "completely false statements," including collaborations with "well-known companies" and promises of utility for holders. Additionally, the Department of Justice defined the canceled third series as a "Rug Pull," as the team deleted their Discord and Twitter accounts after collecting payments.

ChainCatcher news, according to a post by WatcherGuru, an American YouTuber discovered that the Taliban frequently trades Meme coins and is subject to rug pulls.

ChainCatcher News, the U.S. Department of Justice announced a lawsuit against two men from Beverly Hills and Ventura County, accusing them of conducting a "rug pull" scam through multiple NFT projects, involving more than $22 million. 23-year-old Gabriel Hay and Gavin Mayo are charged with conspiracy to commit wire fraud, wire fraud, and stalking harassment among other offenses.It is reported that the two launched several NFT and digital asset projects, including Vault of Gems, Faceless, and Sinful Souls, between May 2021 and May 2024, deceiving investors through false advertising and misleading roadmaps. After a project manager exposed their identities, the two also harassed and intimidated him and his family.If convicted, the two defendants face up to 20 years in prison for each count of wire fraud and conspiracy, and up to 5 years for stalking harassment. The case is currently being investigated by the Baltimore field office of the U.S. Homeland Security Investigations (HSI).

OKLink released the November 2024 Security Report, which indicates that on-chain security incidents across the network have resulted in a total loss of approximately $203 million. Phishing scams alone accounted for 64.80% of the total losses, amounting to about $131 million, with no significant Rug Pull incidents reported. REKT incidents accounted for 22.06% of the losses, totaling approximately $45 million.On November 13, a user copied an incorrect address from contaminated transaction history, resulting in a loss of $129 million. An hour later, the attacker returned all the assets. On November 15, the v1 liquidity pool contract of the Aptos ecosystem project Thala was attacked due to a security vulnerability, causing a loss of $25.5 million. Subsequently, Thala negotiated with the attacker to recover all user assets through a $300,000 bounty.OKLink reminds everyone to carefully verify the receiving address when performing on-chain operations. Some users have lost over $100 million by copying incorrect addresses from contaminated transaction records. It is essential to double-check the recipient's address when conducting on-chain operations and avoid the habit of directly copying addresses from transaction records or chat logs. Additionally, learn to use Web3 on-chain tools to mitigate risks. OKLink provides tools for on-chain address queries, token authorization checks, and large transfer monitoring, ensuring on-chain security and keeping you informed of market trends, helping you overcome on-chain anxiety.

ChainCatcher message, SlowMist issued a security alert, the AI social aggregation platform OceansGallerie on the SUI network is at high risk, suspected of a Rugpull, please users remain vigilant.

ChainCatcher news, on-chain detective ZachXBT posted on X stating: "The SCALE, NTD, TPU, and OPSEC projects are all linked to the same person, Zopp0, who uses numerous KOLs shown in leaked messages to deceive traders. Zopp0 secretly pays others to promote OPSEC while participating in key decisions as an owner in private Telegram chats, including discussions about the lack of technical research. Earlier this year, I reported several KOLs promoting these AI GPU-related scams, as these scams dropped 90% in a single day. I have been monitoring these messages since April of this year, but ultimately never published them because when I previously warned people about the danger signals, I had to deal with angry token holders and well-paid KOLs. I believe now is a better time, as three of these projects have conducted Rug Pulls."

ChainCatcher news, on-chain detective ZachXBT posted on X stating: "The SCALE, NTD, TPU, and OPSEC projects are all associated with the same person, Zopp0, who utilizes multiple KOLs to harvest inexperienced traders.Zopp0 participates in key decisions behind the scenes as the owner of the OPSEC project, while paying others to act as 'spokespersons' and discussing technical shortcomings in private Telegram groups. Back in March 2024, ZachXBT privately questioned Zopp0, but he downplayed the concerns.Earlier this year, I reported several KOLs promoting these AI GPU-related scams, as these scams dropped 90% within a day. These KOLs include: CryptoGodJohn, TheCryptoKazi, Luke Belmar, Alex Becker, CryptoStasher, Crypto_TomTom.Since April 2024, I have been monitoring these messages, but ultimately never published them. I believe now is a better time, as three of these projects have conducted Rug Pulls."

ChainCatcher news, two men pleaded guilty in a U.S. court for a "Rug Pull" scam involving three Solana NFT projects in 2022, with amounts reaching $400,000. One has been convicted, while the other admitted to conspiracy to commit wire fraud and money laundering.The case involves the NFT projects "Undead Apes," "Undead Lady Apes," and "Undead Tombstone." The scammers used false statements to inflate project prices and attract investors. The projects raised nearly $400,000 in a short period. In April 2022, after minting 632 "Undead Tombstone" NFTs, the scammers suddenly shut down all project social accounts and cut off contact with the community, completing the "Rug Pull."

ChainCatcher news, the Scroll ecosystem stablecoin project Essence Finance is suspected to have undergone a Rug Pull, with its stablecoin CHI dropping 93.94% to $0.06 in the past 6 hours, and over $20 million in collateral is suspected to have been removed. The last post from its official X was on September 11. The project's audit report is from FEI Protocol V2.

ChainCatcher news, the Solana ecosystem Memecoin SHAR launched last night, reaching a market cap of over $50 million, and then plummeting to a market cap of $3 million, a drop of 95%.On-chain detective ZachXBT tweeted that the Meme token SHAR on Solana involves a conspiracy group and KOL manipulation.In response, crypto KOL 0XSun stated, "I did accept a collaboration for this project, but the reason I chose to collaborate was that after reviewing the materials initially, I felt this project was relatively reliable and had profit opportunities, rather than just for promotional fees. Moving forward, on one hand, I will contact CLS and some friends who may have information about the project party to try to get the project party to compensate for the losses, and on the other hand, I will also try to avoid such collaborations. In the future, for any paid promotional collaborations, I will clearly state this to ensure transparency."Previous news reported that according to Lookonchain monitoring, an insider sold 500 million SHAR (50% of the total supply) in a single transaction for 19,620 SOL ($3.38 million), causing the SHAR price to plummet by 96%.

ChainCatcher news, according to Beosin Alert monitoring and early warning, as of September 25, the total loss in the Web3 sector due to hacker attacks, phishing scams, and project Rug Pulls in Q3 2024 has reached $730 million. Among them, there were 23 major attack incidents, with a total loss of approximately $430 million; 3 project Rug Pull incidents, with a total loss of about $4.24 million; and total losses from phishing scams amounting to approximately $295 million.In terms of the types of attacked projects, the highest losses were incurred by CEX, with 3 attacks on CEX causing approximately $297 million in losses, accounting for about 40.6% of all attack losses.In terms of losses by chain, Ethereum remains the chain with the highest loss amount and the most attack incidents. 21 attacks and phishing incidents on Ethereum caused losses of $348 million, accounting for about 47.6% of the total losses.Regarding attack methods, there were 5 private key leakage incidents in Q3, resulting in losses of $305 million, accounting for about 41.7% of the total attack losses, making it the most prevalent type of attack.In terms of the flow of funds, only about $16.9 million of the stolen funds have been frozen or recovered. The vast majority (approximately 78.9%) of the stolen funds are still stored in the attackers' on-chain addresses.Compared to the same period in 2023, the total losses due to hacker attacks, phishing scams, and project Rug Pulls in Q3 2024 have slightly decreased to $730 million (the figure for Q3 2023 was $889 million). Factors such as the decline in cryptocurrency prices in Q3 2024 have had some impact on the reduction of the total amount, but overall, the situation in the Web3 security sector remains grim. Among the more than twenty attack incidents in Q3, 18 were still due to contract vulnerabilities, suggesting that project parties should seek professional security companies for audits before going live.