Crypto Halloween Nightmare: MEME, MEMEPAD, And TITANX Tokens Collapse, Traders Lose 100%

Name	Symbol	Market	Market Cap ($)	Algorithm
Compound	COMPUSD	Crypto	739,608,383	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Compound

COMPUSD

Crypto

739,608,383

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-5.85	-6.53%	83.73	83.91	83.96

Price Change

Price Change %

Current Price

Bid Price

Offer

-5.85

-6.53%

83.73

83.91

83.96

High Price	Low Price	Open Price	Prev. Close	52 Week Range
92.99	82.56	89.95	89.58	33.87 - 141.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

92.99

82.56

89.95

89.58

33.87 - 141.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:33:37	2.00	83.77	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:33:37

2.00

83.77

USD

Price x Volume	Volume	Base Symbol	Related Pairs
812,895.91	9,404.96	COMP	COMPEUR	COMPGBP	COMPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

812,895.91

9,404.96

Crypto Halloween Nightmare: MEME, MEMEPAD, And TITANX Tokens Collapse, Traders Lose 100%

31/10/2023 2:00am

NEWSBTC

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 over the past few hours. Rug pulls, a form of cryptocurrency scam, involve sudden and deliberate value drops in specific tokens, accompanied by the perpetrators swapping the native tokens for Ethereum (ETH). The meme coins affected by the rug pulls were identified as MEME, MEMEPAD, and TITANX. Multiple Rug Pulls Shake Crypto Market On Halloween According to PeckShield’s X (formerly Twitter) post, the MEME token on the Ethereum blockchain experienced a jaw-dropping 100% drop in value. The address 0xBd72…5871 was responsible for swapping a staggering 4,854,740,126,240,000 MEME tokens for approximately 43.68 ETH. It is important to note that the rug pull token shared the same name as the legitimate MEME token, adding to the confusion. Related Reading: This Chart Makes It Clear: Bitcoin Is Bullish Similarly, the MEMEPAD token on Ethereum suffered an identical 100% value drop. The address 0xBd72…5871 conducted a swap of 4,854,740,126,240,000 MEMEPAD tokens for around 44.84 ETH. Once again, the fraudulent crypto rug pull shared the same name as the genuine MEMEPAD token, compounding the deceitful nature of the scam. Additionally, the TITANX token launched two days ago, October 28, on Ethereum experienced a staggering 100% value decline. The address 0xBd72…5871 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. Fantom Foundation Funds Vanish In alarming events, the Fantom (FTM) Foundation finds itself entangled in a harrowing tale of fund drains and swift token swaps. PeckShield has reported two significant incidents involving the Fantom Foundation’s finances, leaving the organization with substantial losses. The first incident 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. Related Reading: RSI Records Major Golden Cross: XRP Predicted To Cross The $1 Mark In 16 Days Additionally, on October 26, the Fantom Foundation faced another devastating event. An unidentified entity, the “Fantom Foundation Drainer,” executed a bold move by swapping a staggering 8,087,377.97 DAI for 4,560.52 ETH. The gravity of the situation intensified 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. 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. Despite recent developments, the native token of the Fantom protocol, FTM, is trading at $0.2388, reflecting a 1% increase in the past 24 hours. 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. Over the year-to-date period, the token has recorded a 5% increase. These figures indicate the token’s positive performance and growth trajectory. Featured image from Shutterstock, chart from TradingView.com

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