The crypto market has seen its fair share of fraudulent activities and hacking incidents over the years. As the industry continues to grow and gain mainstream attention, it is crucial for investors and participants to stay vigilant and informed. In this blog post, we will discuss the recent hacking news and scams detected by CertiK, a leading blockchain security firm. Let’s dive in!

Fake Audit Claim:
CertiK recently issued a Skynet Alert regarding a fake audit claim. The website hxxps://ephyx.top/#/ falsely stated that it was audited by CertiK. However, CertiK has clarified that this claim is completely untrue. Investors are advised to exercise caution and not trust any project that makes false claims about being audited by reputable firms like CertiK.

DMD Exit Scam:
Another alarming incident highlighted by CertiK is an exit scam on the DMD project. The project’s value plummeted by over 90%, with approximately 100k USDT transferred to wallet address 0x42Ed4 Contract Bsc: 0xdD63525fAb69a97224962A076A642bfCF0714f2E. This incident serves as a reminder that investors should thoroughly research and carefully evaluate the credibility of projects before investing.

Token Slippage and Exploitation:
Certik also detected a slippage incident involving the 6827 token from the @group9419. The token’s value dropped by 82% after being exploited for around $70.8k through a flash loan from EOA 0x6b7. This incident highlights the importance of having rigorous security measures in place, both at the project level and for individual investors.

Fake Airdrop Promotion:
In yet another reported scam, CertiK warns users about a fake Layer Zero airdrop being promoted on Twitter. The website hxxps://project-layerzero.com/ is associated with a known wallet drainer. Users are strongly advised not to interact with such websites, as they are designed to deceive and potentially drain wallets.

The recent hacking news and scams detected by CertiK serve as reminders of the risks involved in the crypto market. As the industry evolves, so do the tactics employed by scammers and malicious actors. It is essential for participants to exercise caution, conduct thorough research, and rely on trusted sources of information before engaging with any project or making investment decisions. By staying informed and maintaining a vigilant approach, investors can safeguard themselves and contribute to the growth and security of the crypto ecosystem.