The past week in decentralized finance land saw another memecoin frenzy, with celebrities launching their own memecoins — quite a trend shift from 2021–2022 when they launched their own nonfungible tokens . Among all the meme hysteria, pop star Iggy Azalea devised a “burning” plan to evade frauds and rug pulls.) worth $6.91 million appears to have received a large share of the stolen funds back from scammers.
. The supply auditing tool platform alleged that insiders bought “20% of the supply at launch” before Azalea announced the launch of MOTHER. The holdings were then dumped for $2 million before the announcement.Approximately $80,000 worth of a BEP-20 token labeled as “BTC” was lost in an exploit on the BNB Smart Chain involving multiple suspicious transactions. While $80,000 is considered a small amount compared to the average crypto exploit, it raised questions about the attacker’s intentions.