Over 700 fake memecoins were sent to Trump’s wallet, many falsely claiming his endorsement, exploiting a Solana feature that allows unsolicited token deposits.
Memecoin scams are increasingly sophisticated, often targeting investors with high hype, FOMO and unrealistic promises. Rug pulls, fake presales and pump-and-dump schemes remain the top methods of ...
More than $500 million was lost to memecoin rug pulls and scams in 2024, according to a report by crypto intelligence platform Merkle Science. The most prolific scams involved social engineering ...
Adrian Zmudzinski is a cryptocurrency journalist with over 4,000 articles under his belt. His bylines include Cointelegraph, Benzinga, Crypto.News, and BeInCrypto. The Central African Republic ...