The crypto market is constantly evolving, and with its growth comes an unfortunate rise in hacking incidents and scams. In the past 24 hours, various alerts have been issued by PeckShield and CertiKSkynet, highlighting concerning activities in the crypto space. In this blog post, we will delve into the recent events and provide insights into the potential implications for the crypto community.

1. Low-Carb Crusader’s Swaps:

The anonymous trader, known as the “low-carb-crusader,” made significant swaps involving wstETH and DAI. In one transaction, 600 wstETH were swapped for 1.08 million DAI, while in another swap, approximately 7,287.44 wstETH were traded for 13 million DAI. The details of these transactions raise questions about the trader’s intentions and the impact on the market.

2. Openfabric AI Rugpull:

A concerning incident involves the token Openfabric AI (OFN) on the BNBChain, which faced a drastic -100% drop. A trader with the address 0x76fA…41C5 swapped a staggering 1 quadrillion OFN, worth around $58,681, for approximately 278.4 BNB. This situation raises red flags as the rugpull token shares the same name as the legitimate one, potentially misleading investors.

3. Phishing Attack on 0x0:

A phisher with the address 0x026e…0221 successfully stole 1.90 million 0x0 tokens, valued at approximately $199,000, from the wallet 0x71eD…Fb72. Phishing attacks remain a significant concern within the crypto market, and users must exercise caution to protect their assets.

4. Exploit on Hope Lend:

A major exploit targeted Hope Lend, resulting in a loss of 528 ETH. The attacker managed to gain 264 ETH from the exploit and reportedly paid a 263 ETH bribe to an ETH validator. This incident underscores the vulnerabilities in the DeFi sector and raises questions about the effectiveness of existing security mechanisms.

5. The Honest Venture Scam:

The Honest Venture project has been identified as a confirmed investment scam, causing losses estimated at approximately $58,000. The project’s organizers, operating under the handle @honestventures, have deleted their social media accounts on various platforms, including Twitter, Telegram, and Instagram. Investors must remain vigilant and conduct thorough due diligence before engaging with new projects.

The recent 24-hour period has witnessed several hacking incidents and scams in the crypto market. These incidents serve as a reminder of the risks associated with the industry. Crypto investors and traders should exercise caution, perform thorough research, and remain aware of potential threats. As the market continues to evolve, the importance of security measures and transparency becomes ever more critical for the growth and sustainability of the ecosystem.