P2P

Fintoch DeFi Platform Executes $31.6 Million Rug Pull Scam

May 22, 2023
Attack Types: 
Scam ,Rug Pull
Entity Types: 
DeFi ,P2P
Target Entities: 
Fintoch

Summary # In May 2023, the DeFi investment platform Fintoch executed a rug pull, defrauding users of $31.6 million. The project claimed backing by Morgan Stanley and offered unrealistic 1% daily returns. Fintoch’s legitimacy was questioned, after Morgan Stanley debanked Fintoch’s claims. The fradulent company launched a public sale, and accumulated a large amount of USDT in Fintoch STO smart contract. The smart contract was deployed in Binance Smart Chain, and contained functionality of FTH BEP20 token and FTH/USDT liquidity pair. ...

LocalBitcoins suffers a security breach, resulting in the loss of 17 BTC

January 26, 2015
Attack Types: 
Phishing ,Wallet Hack
Entity Types: 
P2P ,Exchange
Target Entities: 
LocalBitcoins

Summary # In January 2015, LocalBitcoins, a peer-to-peer Bitcoin trading platform, experienced a security breach that resulted in the theft of 17 BTC (approximately $3,850 at the time). The breach was caused by a vulnerability in the platform’s forum software, which allowed the attacker to gain access to user accounts. LocalBitcoins quickly responded to the incident by disabling the forum and reimbursing affected users. Attackers # The identity of the attacker remains unknown. ...