Tether pays $18.5 million in penalties; NY Attorney General alleges they don't have the cash reserves they claim

The stablecoin Tether swears up and down that it's fully backed by actual currency, but the New York Attorney General doesn't agree. Tether paid $18.5 million in penalties, was banned from trading in New York, and agreed to submit transparency reports for two years in exchange for ending the long-running legal dispute.

PopcornSwap rug pulls

PopcornSwap launched on BNB Chain and then immediately drained its liquidity pool, making off with tokens priced at around $2 million.

Binance stated that they had been able to freeze users' assets on the BNB Chain partway through the incident. However, as of June 2023, Binance had not taken any steps to return the frozen funds to their original owners.

Saddle Finance exploited within hours of launch

The Saddle Finance defi project, a fork of the Curve Finance project, launched on January 20. It promised it would "eliminate slippage".

The project was exploited only hours later, by attackers who stole more than 7.9 BTC (~$275,000) by taking advantage of high slippage on the platform.

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