SudoRare scam steals 519 ETH

SudoRare is an NFT platform forked from SudoSwap and LooksRare, designed to help investors improve their staking opportunities. However, this new and good-sounding project is a “leek-cutting” scam. The project went live on Tuesday and disappeared on the social media platform shortly after, along with about $800,000 in user funds. Despite numerous warnings about potential fraud, nearly 1 million LOOKS tokens were still exchanged for ETH and USDC six hours after the project went live. Shortly after, the scammers transferred all 519 ETH in user funds off the platform. According to blockchain security firm PeckShield, the scammers have sent the stolen funds to three different wallets, each receiving 173 ETH.

ethereum number of eth 2.0 deposits

“Despite mounting investor fears of a looming recession, renewed bullish sentiment has given the main crypto market a respite from the price slump. However, the performance of the coin in the early Asian session on Wednesday showed that investors are Risk aversion still dominates. The CME Group Fed Watch index shows that the odds of another 75 basis point rate hike have risen to 50% less than 24 hours before the Jackson Hole workshop. As of writing, BTC Having gained 1.8% over the past day, it is now near $21,300. Major resistance in the $21,500-$22,000 range remains, and bearish pressure could push BTC down again and test its previous support at $21,000.

ETH’s rally has gained momentum, gaining 4.1% over the past 24 hours. However, just weeks before this final The Merge upgrade, weekly ETH deposits on the Beacon Chain hit an all-time low. Part of the reason for the weaker growth rate is that more than 11% of the ETH circulating supply has been pledged.

Additionally, some analysts have attributed the drop to traders speculating about a PoW fork, as it may have given some investors hope of a possible airdrop. Most major altcoins are on the rise, with CHZ leading the field with double-digit percentage gains over the same period.”