Welcome to the dark web of DeFi.Authentic investigative journalism and unfiltered creative commentary
Monday, March 24, 2025
Even after rugging an entire country, Hayden Davis still has no shame.
While most scammers would retreat to the shadows after orchestrating a multi-million dollar rug pull implicating a sitting president, Davis in contrast, doubled down - proving he's more audacious than ever.
The mastermind behind the LIBRA and MELANIA token disasters may have completed a meme coin hat trick, launching WOLF while an Argentine prosecutor pushes for an Interpol Red Notice.
From presidential endorsements to one-sided liquidity schemes, from millions in extracted value to class action lawsuits, nothing seems to slow the relentless ambition of crypto's most brazen scammer.
The wolf isn't just at the door - he's running the henhouse, and retail traders keep lining up to get plucked.
As prosecutors build their case and chain sleuths expose his wallet trails, how many more tokens will Davis launch before his scheme collapses?
Stories and Articles
• Beware of ‘cracked’ TradingView — it’s a crypto-stealing trojan [Read more]• North Korean crypto thieves are mimicking terrible traders to bypass detection [Read more]• Can AI bots steal your crypto? The rise of digital thieves [Read more]• Spot crypto scams early: California’s new tracker tool, explained [Read more]• Why Some Smart Contracts Pass an Audit but Still Get Hacked [Read more]
Research of the Week
The Wallet Drain Meta: Connect, Sign, Rekt
The latest DeFi exploit doesn’t need your seed phrase. It just needs you to click first, think later. One bad signature, one fake contract, and your entire portfolio gets vacuumed out before you even realize what happened. No warnings, no pop-ups, no second chances—just an empty wallet and a sinking feeling in your gut.Wallet drainers have gone next level. Gone are the days of phishing emails and fake support DMs. Now, scammers hide in plain sight, posing as legit protocols, hyped airdrops, and exclusive mint events. You connect your wallet, sign what looks like a harmless approval, and boom—your tokens aren’t yours anymore. The best part? You did it to yourself.The trick is simple but deadly. Instead of asking for your private keys (which everyone knows not to share), scammers make you authorize malicious smart contracts. These contracts don’t need brute force—they just tell your wallet to approve unlimited spending. Once signed, your assets are theirs, and they can drain them whenever they want, without needing further permission.Some of these attacks are instant—as soon as you approve, the contract transfers everything out. Others are stealthier—they wait, watching your funds, letting you deposit more until one day, everything is gone. A slow rug, but for your personal wallet.So how do you avoid the drain? Never sign approvals blindly. Check what permissions a contract is asking for—if it wants unlimited spending, walk away. Use tools like Revoke.cash to clean up old approvals, because even legit projects can get compromised. And most importantly? If a site is promising free money just for connecting your wallet, assume it’s a trap.The wallet drain meta is evolving, and if you’re not paying attention, you’re the next easy target. Memes and Videos This Minecraft Kid Stole $238,707,068 in BitcoinThey thought they'd mastered the meta—simulate support, reroute funds, vanish clean. But crypto doesn’t care about your hustle, only your history. And in the end, the only chain they couldn’t escape was the one with handcuffs. Source: ironic Source: lynk0x
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