{"id":31667,"date":"2023-10-31T02:52:53","date_gmt":"2023-10-31T06:52:53","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=31667"},"modified":"2023-10-31T02:52:53","modified_gmt":"2023-10-31T06:52:53","slug":"crypto-halloween-nightmare-meme-memepad-and-titanx-tokens-collapse-traders-lose-100","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/31\/crypto-halloween-nightmare-meme-memepad-and-titanx-tokens-collapse-traders-lose-100\/","title":{"rendered":"Crypto Halloween Nightmare: MEME, MEMEPAD, And TITANX Tokens Collapse, Traders Lose 100%"},"content":{"rendered":"

In a chilling development on Halloween Day, the crypto community was hit with disturbing news as PeckShield, a renowned blockchain security company, revealed a series of rug pulls<\/a> over the past few hours.<\/p>\n

Rug pulls, a form of cryptocurrency scam<\/a>, involve sudden and deliberate value drops in specific tokens, accompanied by the perpetrators swapping the native tokens for Ethereum <\/a>(ETH). The meme coins affected by the rug pulls were identified as MEME, MEMEPAD, and TITANX.<\/p>\n

Multiple Rug Pulls Shake Crypto Market On Halloween<\/h2>\n

According to PeckShield\u2019s X (formerly Twitter) post<\/a>, the MEME token on the Ethereum blockchain experienced a jaw-dropping 100% drop in value. The address 0xBd72\u20265871 was responsible for swapping a staggering 4,854,740,126,240,000 MEME tokens for approximately 43.68 ETH.\u00a0<\/p>\n

It is important to note that the rug pull token shared the same name as the legitimate MEME token, adding to the confusion.<\/p>\n

Similarly, the MEMEPAD token on Ethereum suffered an identical 100% value drop. The address 0xBd72\u20265871 conducted a swap of 4,854,740,126,240,000 MEMEPAD tokens for around 44.84 ETH.\u00a0<\/p>\n

Once again, the fraudulent crypto rug pull shared the same name as the genuine MEMEPAD token, compounding the deceitful nature of the scam.<\/p>\n

Additionally, the TITANX token launched two days ago, October 28, on Ethereum experienced a staggering 100% value decline.\u00a0<\/p>\n

The address 0xBd72\u20265871 executed a swap of 4,854,740,126,240,000 TITANX tokens for approximately 46 ETH. Mirroring the previous instances, the rug pull token masqueraded under the same name as the legitimate TITANX crypto token.<\/p>\n

Fantom Foundation Funds Vanish<\/h2>\n

In alarming events<\/a>, the Fantom (FTM) Foundation <\/a>finds itself entangled in a harrowing tale of fund drains and swift token swaps. PeckShield has reported two significant incidents involving the Fantom Foundation\u2019s finances, leaving the organization with substantial losses.<\/p>\n

The first incident <\/a>occurred on October 17, 2023, when wallets associated with the Fantom Foundation were drained of approximately $7 million worth of cryptocurrencies, equivalent to around 4,500 ETH.<\/p>\n

Additionally, on October 26, the Fantom Foundation faced another devastating event. An unidentified entity, the \u201cFantom Foundation Drainer,\u201d executed a bold move by swapping a staggering 8,087,377.97 DAI for 4,560.52 ETH.\u00a0<\/p>\n

The gravity of the situation intensified <\/a>when the Fantom Foundation Drainer swiftly executed another swap on October 30, converting the 4,560.52 ETH back into approximately 8.3 million DAI within a mere 30 minutes.\u00a0<\/p>\n

The Fantom Foundation is now faced with the daunting task of investigating the breaches, identifying the culprits, and fortifying its security infrastructure to prevent future incidents.\u00a0<\/p>\n

Despite recent developments, the native token of the Fantom protocol, FTM<\/a>, is trading at $0.2388, reflecting a 1% increase in the past 24 hours.\u00a0<\/p>\n

Notably, the token has experienced a substantial surge across various time frames. Presently, it has maintained an upward trend, with gains of over 6% and 30% in the seven-day and fourteen-day periods, respectively.\u00a0<\/p>\n

Over the year-to-date period, the token has recorded a 5% increase. These figures indicate the token\u2019s positive performance and growth trajectory.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

In a chilling development on Halloween Day, the crypto community was hit with disturbing news as PeckShield, a renowned blockchain security company, revealed a series of rug pulls<\/a> over the past few hours.<\/p>\n

Rug pulls, a form of cryptocurrency scam<\/a>, involve sudden and deliberate value drops in specific tokens, accompanied by the perpetrators swapping the native tokens for Ethereum <\/a>(ETH). The meme coins affected by the rug pulls were identified as MEME, MEMEPAD, and TITANX.<\/p>\n

Multiple Rug Pulls Shake Crypto Market On Halloween<\/h2>\n

According to PeckShield\u2019s X (formerly Twitter) post<\/a>, the MEME token on the Ethereum blockchain experienced a jaw-dropping 100% drop in value. The address 0xBd72\u20265871 was responsible for swapping a staggering 4,854,740,126,240,000 MEME tokens for approximately 43.68 ETH.\u00a0<\/p>\n

It is important to note that the rug pull token shared the same name as the legitimate MEME token, adding to the confusion.<\/p>\n

Similarly, the MEMEPAD token on Ethereum suffered an identical 100% value drop. The address 0xBd72\u20265871 conducted a swap of 4,854,740,126,240,000 MEMEPAD tokens for around 44.84 ETH.\u00a0<\/p>\n

Once again, the fraudulent crypto rug pull shared the same name as the genuine MEMEPAD token, compounding the deceitful nature of the scam.<\/p>\n

Additionally, the TITANX token launched two days ago, October 28, on Ethereum experienced a staggering 100% value decline.\u00a0<\/p>\n

The address 0xBd72\u20265871 executed a swap of 4,854,740,126,240,000 TITANX tokens for approximately 46 ETH. Mirroring the previous instances, the rug pull token masqueraded under the same name as the legitimate TITANX crypto token.<\/p>\n

Fantom Foundation Funds Vanish<\/h2>\n

In alarming events<\/a>, the Fantom (FTM) Foundation <\/a>finds itself entangled in a harrowing tale of fund drains and swift token swaps. PeckShield has reported two significant incidents involving the Fantom Foundation\u2019s finances, leaving the organization with substantial losses.<\/p>\n

The first incident <\/a>occurred on October 17, 2023, when wallets associated with the Fantom Foundation were drained of approximately $7 million worth of cryptocurrencies, equivalent to around 4,500 ETH.<\/p>\n

Additionally, on October 26, the Fantom Foundation faced another devastating event. An unidentified entity, the \u201cFantom Foundation Drainer,\u201d executed a bold move by swapping a staggering 8,087,377.97 DAI for 4,560.52 ETH.\u00a0<\/p>\n

The gravity of the situation intensified <\/a>when the Fantom Foundation Drainer swiftly executed another swap on October 30, converting the 4,560.52 ETH back into approximately 8.3 million DAI within a mere 30 minutes.\u00a0<\/p>\n

The Fantom Foundation is now faced with the daunting task of investigating the breaches, identifying the culprits, and fortifying its security infrastructure to prevent future incidents.\u00a0<\/p>\n

Despite recent developments, the native token of the Fantom protocol, FTM<\/a>, is trading at $0.2388, reflecting a 1% increase in the past 24 hours.\u00a0<\/p>\n

Notably, the token has experienced a substantial surge across various time frames. Presently, it has maintained an upward trend, with gains of over 6% and 30% in the seven-day and fourteen-day periods, respectively.\u00a0<\/p>\n

Over the year-to-date period, the token has recorded a 5% increase. These figures indicate the token\u2019s positive performance and growth trajectory.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-31667","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=31667"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31667\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31667"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}