Crypto scams surge as 4 threats surface in 12 hours – What happened?

Eight months into 2026, scams continue to surge with no signs of slowing down. Just one week into September, the market is once again clouded by rising scams.

Notably, in the past 12 hours, there were four different kinds of scams that shook the crypto industry.

How is 40.196 ETH at risk?

Starting with a malicious governance proposal targeting Olas (formerly Autonolas) has put around 40.196 Ethereum [ETH] worth of $100,000 at risk.

This happened after an attacker used the ENS name “autonolas-deployer.eth” and disguised the proposal as a routine treasury ownership migration.

In reality, executing it would transfer control from the legitimate Autonolas Timelock to an attacker-controlled contract. This in turn would allow the attacker to alter the treasury and withdraw its funds. Hence, to avoid this, the community has a three-day window to reject the proposal before it can be executed.

More such incidents

Additionally, there was an attack on Reddio (an Ethereum-compatible Layer 2 blockchain), which led to an estimated loss of 9.25 ETH. This happened because of a cross-vault accounting flaw that double-counted stETH as backing for both rsvETH and rsvstETH.

Needless to say, if this is not fixed in time, an attacker could misuse this with a flash loan. All the attacker needs to do is to deposit stETH to artificially inflate rsvETH’s share price and then redeem it for excess ETH. This in turn would allow them to recover the same stETH through rsvstETH.