2026-01-20 00:31:32

A $12 million scam fraud emerged at the start of the year, catching the attention of the crypto community. The incident highlights the ongoing security risks within the blockchain ecosystem and serves as a stark reminder for investors to remain vigilant when navigating the Web3 space. Such large-scale fraudulent schemes continue to pose significant threats to market participants and underscore the importance of due diligence and risk management in cryptocurrency investments.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

ContractExplorer

· 11h ago

Another 12 million scam, it really never ends.

View OriginalReply0

MissedTheBoat

· 11h ago

Same old trick again, $12 million can get you on the headlines? This is how Web3 is.

View OriginalReply0

ForumMiningMaster

· 11h ago

It's the same old trick again, 12 million USD just disappeared in the blink of an eye, hilarious.

View OriginalReply0

SigmaValidator

· 11h ago

Getting cut again and again? Fine, that's how Web3 is these days, it's hard to defend against everything.

View OriginalReply0

GasFeeCryer

· 11h ago

1. $12 million just gone? Or was it earlier this year? Truly outrageous. 2. This kind of thing never ends; it's time to learn a lesson. 3. Due diligence? Ha, most people probably don't even look at the code. 4. Here we go again with the security risk talk, but how many can truly protect themselves? 5. Web3 should have been regulated long ago; now it's a big fish eating small fish situation. 6. Don't just say stay vigilant; platforms need to be responsible. 7. $12 million... someone lost everything. 8. Feels like this kind of news happens once a month; is the frequency that high? 9. Basically, greed is to blame; there's no such thing as completely safe. 10. Fraud again? Fine, DYOR (Do Your Own Research) will never go out of style.

View OriginalReply0