Honeypot scams lure crypto investors into buying tokens they can’t sell, locking their funds through smart contract tricks.
Tokens News
A crypto token is an asset based on the blockchain of another asset, which is called a coin. Part of the definition of tokens is that they do not run on their own blockchains — a key distinction in clearing up the token vs. coin confusion.
Projects often build solutions on existing networks, such as Ethereum. Ethereum has a coin, called Ether (ETH), running on its blockchain. The majority of the tokens built on the Ethereum blockchain are ERC-20 tokens, or ERC-721 tokens if they are nonfungible tokens, or NFTs.
Each project typically employs its own token, meaning that the token runs on the blockchain on which the project was built. An entity can create a cryptocurrency token for a number of reasons, including use within a broader ecosystem. ICO tokens were popular during the initial coin offering boom of 2017.
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Cybersecurity firm Hacken CEO Dyma Budorin said the biggest damage has been to its reputation, though the incident had nothing to do with the main business.
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The question of RWA backing is not primarily a technology question but is subject to other considerations, industry executives say.
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VCs time exits around unlock schedules, use OTC deals, stagger sells and monitor market sentiment to maximize profits and minimize impact.
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Binance is cracking down on bot abuse in its Alpha Points early-access program after detecting coordinated bot farming activity.
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The SEC’s 2025 guidance aims to bring clarity and a more structured regulatory framework to the digital asset space.
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Bitget CEO Gracy Chen told Cointelegraph that BGUSD is distinct from stablecoins and securities and functions as a yield-bearing stable asset certificate.
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