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Blog iconErvin Zubic
Mar 25

Decoding Meme Coin Chaos: Tracing the Masterminds Behind Crypto Pump-and-Dumps

PERSEUS exposes how masterminds manipulate meme coins in pump-and-dump schemes using AI and social networks like Telegram. The wild world of cryptocurrency is no stranger to chaos, speculation, and, unfortunately, manipulation. One of the most infamous tactics? The age-old “pump-and-dump” scheme — reimagined for the digital age. In their 2025 paper, “PERSEUS: Tracing the Masterminds Behind Cryptocurrency Pump-and-Dump Schemes,” authors Honglin Fu, Yebo Feng, Cong Wu, and Jiahua Xu go beyond m...

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Decoding Meme Coin Chaos: Tracing the Masterminds Behind Crypto Pump-and-Dumps

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Ervin Zubic

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Writing about blockchain security and blockchain forensics. Follow me on Twitter for the latest insights.

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Ervin Zubic

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Blog iconErvin Zubic
Jan 16
ICS 206–01: The New Standard Every OSINT Professional Must Know
Explore ICS 206–01: Essential updates for OSINT pros on AI citations, sourcing rules, retention, and a checklist for seamless compliance.What is an Intelligence Community Standard?A new directive, the Intelligence Community Standard (ICS), has just been released, offering a framework designed to ensure consistency, accuracy, and professionalism across the U.S. Intelligence Community (IC). ICS directives provide clear guidelines for processes, methodologies, and workflows, enabling intelligenc...
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Dec 31
IRS Broker Rule Finalized: Impact on DeFi, Privacy, and Non-Custodial Innovation
Read how the IRS broker rule affects DeFi protocols, non-custodial software providers, and privacy rights. Learn why innovation and decentralization are at risk. The IRS and Department of the Treasury have finalized regulations requiring decentralized finance (DeFi) protocols that facilitate digital asset sales to comply with tax reporting obligations. Set to take effect on January 1, 2027, these rules align DeFi brokers with centralized exchanges by mandating the reporting of user transactio...
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Dec 26
Using Blockchain to Track Ransomware Threat Actors
Discover how blockchain is used to trace ransomware payments, uncover threat actor infrastructure, and disrupt cybercriminal networks. 2024 has been marked by several high-profile ransomware cases and investigations, underscoring the growing sophistication, aggression, and unpredictability of ransomware attackers. While final figures for the year are still pending, early reports reveal a dramatic surge in ransomware payments, reaching unprecedented levels. In the first half of the year alone,...
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Dec 18
Chain Hopping in Crypto: How to Track Cross-Blockchain Fund Movement
Discover how to trace chain hopping in crypto laundering and watch our video demonstration showing step-by-step tracking across multiple blockchains. Cryptocurrency laundering has grown increasingly sophisticated, with chain hopping emerging as a go-to technique for obfuscating illicit funds. For investigators, this method presents a unique challenge: tracing assets that jump between blockchains. In this article, we’ll break down what chain hopping is, why it’s so effective, and the tools and...
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Dec 17
Track Cryptocurrency Across Chains: Tools, Tips, and a Video Guide
Learn how to track cryptocurrency across chains and swaps. Explore tools, techniques, and watch our video for a hands-on investigation example! Cryptocurrency investigations have grown increasingly complex as cross-chain swaps and decentralized platforms make tracing transactions more challenging. In this article, we will break down the process of tracking funds across multiple blockchains and swap services. This will prepare you for a hands-on example we’ll explore in an accompanying video, ...
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Nov 21
Bitcoin Mixing Explained: Key Insights and Forensic Analysis Tips
Explore Bitcoin mixers, their mechanisms, and analysis challenges. Watch our video for a real-world example of tracing anonymized transactions effectively. Bitcoin mixing services are a double-edged sword in the cryptocurrency ecosystem. On one hand, they enhance privacy for users who value their financial anonymity. On the other, they create a veil of obfuscation that criminals often exploit for laundering illicit funds. This dual-use nature makes understanding and analyzing these services a...
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Oct 20
Are Audits the Key to Unlocking the True Value of DeFi?
Can audits really boost DeFi value and safety? Discover surprising insights from the first empirical study analyzing 316 DeFi protocols. The world of decentralized finance (DeFi) promises a future where financial transactions happen seamlessly without traditional intermediaries. But as exciting as this world is, it comes with significant risks, primarily due to smart contract vulnerabilities and the lack of regulatory oversight. In their recent study, “Auditing Decentralized Finance,” researc...
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Sep 27
Exploring Cryptocurrency Giveaway Scams: Insights on Conversion Rates & Revenue
Discover how cryptocurrency giveaway scams operate, convert victims, and generate millions. Learn the latest insights from social media and blockchain analysis. Cryptocurrency has exploded in popularity, driven by promises of decentralized finance and quick fortunes. Unfortunately, this has also drawn the attention of scammers. In the paper “Give and Take: An End-To-End Investigation of Giveaway Scam Conversion Rates” (2024), authored by Enze Liu, George Kappos, and others, the research inves...
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Sep 26
Revolutionizing Cybersecurity: AI, Blockchain & Smart Contracts
Discover how AI, blockchain, and smart contracts are transforming cybersecurity by automating compliance and enhancing threat response in real-time. The increasing complexity of cybersecurity and the rapid evolution of threats demand dynamic and efficient responses. Organizations today are overwhelmed with compliance regulations and cybersecurity policies, often resulting in vulnerabilities due to human error or manual oversight. In the research paper titled “Automated Cybersecurity Complianc...
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Sep 26
Improve Ethereum Fraud Detection by 20% with AI and Graph Learning
Explore how AI and graph learning can revolutionize Ethereum fraud detection, boosting accuracy by 20% and enhancing your fraud prevention strategy. The rise of Ethereum as a leading blockchain platform has transformed numerous industries through its support for decentralized applications and smart contracts. Unfortunately, the increased popularity of cryptocurrency has also led to an increase in fraudulent activities, such as phishing scams. In response to this problem, Yifan Jia and colleag...
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Sep 8
Which Smart Contract Language Is Best for Blockchain Development in 2024? A New Study Answers the Question
Looking for the best smart contract language for blockchain development in 2024? A new study compares Solidity, Rust, Aiken, PyTeal, Move, and SmartPy to help you make the right choice. Smart contracts, the building blocks of decentralized applications, are transforming how we conduct business on the blockchain by automating processes and eliminating intermediaries.However, with multiple programming languages available, developers face the challenge of selecting the right tool for their needs...
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Sep 3
How Did the Telegram CEO Arrest Impact Illicit Crypto Activity on the Platform?
How has the arrest of Telegram’s CEO impacted illicit crypto activity? The answer may surprise you. Read on. In my Cryptocurrency Crime Explained article series, we discussed the shadowy world of dark net OTC brokers used for crypto-native money laundering, particularly spotlighting Chinese Over-the-Counter (OTC) brokers. These services, typically offered on the dark web and through apps like Telegram, have long provided a veil of secrecy for illicit transactions. https://mirror.xyz/ervinzubi...