RUGGED: LSC $1.1M Exit Scam on Binance Smart Chain
The scam has resulted in an estimated loss of $1.11 million, with the $LSC token plummeting by 98% in value.

The scam has resulted in an estimated loss of $1.11 million, with the $LSC token plummeting by 98% in value.
In the wake of the $126 million Multichain bridge hack, wallet owners have been urged to revoke associated contracts.
Authorities are taking note of crypto scams and potential ways to deal with them.
Cryptocurrency regulation is getting more challenging in the United States following several cases of fraud and crashes of crypto-related firms.
Binance carried out an initial pilot phase of the program in Hong Kong in collaboration with the local police force.
Block explorer BscScan shows roughly $16,000 flowed into the promoted coin.
A range of sketches show the changes the fraudster might have endured to evade capture.
Crypto scams involving bogus giveaways have grown into a black market industry of sorts with several services designed to support fraudulent activities.
Google's threat analysis team attributed the attacks to a group of hackers recruited in a Russian-language forum to sell hacked YouTube channels to the highest bidder.
Viewers of the documentary, especially those who knew the full story, resonated with the founder's conspiracy theory of faked deaths.