Home » Another DeFi exit scam just made off with $20M in investor funds
Altcoin News

Another DeFi exit scam just made off with $20M in investor funds

Another DeFi exit scam just made off with $20M in investor funds

The quickly increasing DeFi house is changing into riddled with scams as one other suspicious mission has headed for the exits carrying speculators’ cash.

“A brand new liquidity mining pool DeFi mission, Yfdexf.Finance has exited the market after defrauding buyers of $20 million in whole funds locked in its protocol,” media outlet ZyCrypto wrote on Sept. 10.

The mission shilled its vaporware exhausting by way of Twitter and messaging apps corresponding to Discord over the previous 48 hours, ZyCrypto detailed. Cointelegraph tried monitoring down particulars of the trouble, however all traces of the rip-off seem to have been deleted at press time. 

The DeFi house has moved extremely quick in 2020, particularly in current weeks, with initiatives corresponding to SushiSwap seeing thousands and thousands of {dollars} in motion solely days after its launch. Some such initiatives, nonetheless, have confirmed to be problematic in a wide range of methods. 

Credit score: Source link

Spread the love

Related posts

Libra Exec Hirings Suggest Commitment to Anti-Crypto Regulations

admin

Peter Brandt’s Tether Warning Is Ominous, But Unclear

admin

Chef Nomi has returned all funds back to the SushiSwap community

admin

Leave a Comment