Cointime

Cointime

Download App
iOS & Android
Home / Tech

Fantom launches $6.5 million development fund, betting on safer memecoins

Layer-1 blockchain Fantom is using a grant of $6.5 million worth of native FTM as a development fund to promote the idea of safer meme coins, in an attempt to gain a share of this nearly $50 billion market. Solana and Coinbase's Ethereum Layer-2 network Base accounted for the majority of trading volume in the recent meme coin frenzy. However, up to one-sixth of meme coins on Base were exposed as scams, and at least 12 sizable meme projects on Solana were quickly abandoned by their founders after raising $26.7 million.

Layer 1
Comments

All Comments

Recommended for you

  • Slurpycoin on BSC was attacked by flash loans, and the attacker used the repurchase mechanism to manipulate the token price for profit

    According to CertiK Alert monitoring, Slurpycoin on BSC has suffered a flash loan attack. The attacker manipulated the token price using a buyback mechanism and made a profit of about $3,000 from sandwich arbitrage. This attack is also responsible for the $10,000 loss of MRP tokens on July 2.

  • Europol seizes over $26 million in crypto from nine drug traffickers

    On December 19th, the European police organization collaborated with law enforcement agencies from six countries to dismantle an international drug trafficking group that used cryptocurrency. The operation resulted in the arrest of 9 suspects. During the operation, valuable items including gold and luxury goods, €35,000 in cash, and €25 million in cryptocurrency (equivalent to $26.23 million) were seized. The total value of assets seized was €27 million, equivalent to $28.33 million.

  • Phishers forge Ledger emails, send fake security breach notifications to trick users into sharing seed phrases

    scammers are forging support emails from hardware wallet manufacturer Ledger, in order to trick users into sharing their seed phrases under the guise of checking for security vulnerabilities. Ledger users have reported that phishing scammers are forging support emails from the cryptocurrency hardware wallet provider in order to trick users into revealing their wallet keys.

  • Anthropic X account was hacked, it has been restored and confirmed that no system was damaged

    official X account of the artificial intelligence startup company Anthropic was hacked this morning and an unknown token contract address was posted. The tweet has since been deleted. Anthropic stated that the root cause of the unauthorized post on the account has been identified and confirmed that no Anthropic system or service was compromised or involved in this incident.

  • Nigeria raids crypto fraud den, nearly 800 suspects arrested, including citizens of many countries

    the Economic and Financial Crimes Commission (EFCC) of Nigeria raided a cryptocurrency scam center in Lagos on December 10th, arresting 792 suspects, including 148 Chinese citizens and 40 Filipino citizens. The organization primarily targeted North American and European users for Ponzi schemes, forcing victims to transfer funds for false cryptocurrency plans and other non-existent projects.

  • ZachXBT: LastPass attackers stole approximately $5.36 million in crypto assets from more than 40 addresses

    On December 17th, Chain analyst ZachXBT revealed that LastPass attackers launched attacks on more than 40 victim addresses, stealing approximately $5.36 million in encrypted assets. The attacker then exchanged the stolen funds for ETH and transferred the assets from the Ethereum network to the Bitcoin network through multiple instant exchanges, attempting to conceal the flow of funds.

  • On-chain trading tool SolTradingBot suspected of being attacked

    On December 17th, according to community reports, the on-chain trading tool SolTradingBot was suspected to have been attacked, and some users reported that their funds were stolen. Please be aware of the risks.

  • Arizona man allegedly impersonated Uber driver to steal $300,000 in cryptocurrency

    According to a report by Cointelegraph, a man in Arizona, USA is suspected of impersonating an Uber driver and stealing $300,000 worth of cryptocurrency. The Scottsdale Police Department has charged Nuruhussein Hussein with pretending to be an Uber driver twice in March and October of this year, and specifically talking to passengers by name to lure them into waiting outside the W Hotel in Scottsdale. Once in the car, Nuruhussein Hussein asked to borrow the passengers' phones, then used them to access their Coinbase accounts and transfer cryptocurrency. Nuruhussein Hussein will appear in court again on December 18th.

  • SlowMist CISO: Cryptocurrency Stealing Trojan MacOS Stealer Open Source

    23pds, the Chief Information Security Officer of SlowMist, tweeted that the cryptocurrency theft Trojan MacOS Stealer has been open-sourced. Previously, its attack source code was sold for 1 BTC, but now that it is open-sourced, more malicious attackers can easily obtain this tool. This may not only allow attackers to have an attack library at their disposal, but may also give rise to more covert and complex attack methods, posing greater challenges to the security of cryptocurrency assets.

  • Pudgy Penguins Security Director: Appeared in PENGU token-related phishing email attacks, reminding the community to be cautious

     Beau, the security person in charge of the blue-chip NFT project "Pudgy Penguins", posted on X platform that phishing emails related to PENGU tokens have been found in the community. The community is reminded to be cautious and to verify all content on official channels to ensure their legitimacy. Token news will only be released on Pudgy Penguins' official X account and Discord channel. In addition, Pudgy Penguins has not provided any website for token listing and claiming so far.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company