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Hack history / 2023 / Fraud

Blockchain for dog nose wrinkles

Fraud on Jun 22, 2023 · Scam

SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$127M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked

What happened

‘Blockchain for dog nose wrinkles’ Ponzi makes off with $127m. A South Korean company lured investors with its new technology: a blockchain app that can identify dogs by their nose wrinkles.The investigation found that what the company promoted to be its dog nose wrinkle reader was fake.The South Korean police say investors have lost more than $100 million in what it describes as a “typical Ponzi.”

Details

Date
Jun 22, 2023
Kind
Fraud
Method
Scam
How in
Insiders: rug pulls, frauds, collapses
Target
not stated
Chains
not stated

Reported by

Related incidents

Cite this pageSwanBluechip, "Blockchain for dog nose wrinkles fraud, Jun 22, 2023: $127M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htac5e813469/ (data as of 2026-10-31).
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