Post
Topic
Board Altcoin Discussion
Re: Potential DeFi Exit Scam
by
mr.smith
on 10/09/2020, 05:43:35 UTC
Two blockchain security firms have warned that the creators of a DeFi contract on the EOS network may have fled in what appears to be an exit scam.

https://www.coindesk.com/blockchain-security-firms-eos-defi-locked-crypto

So we DeFi investors should be aware of this I got it from that article
Quote
no multi-signature (multisig) feature, meaning whoever is behind the contract can move assets even if they are supposed to be locked up.
this is very risky indeed if there is a way to transfer the account on a smart contract that is supposedly lock then the scammers who created the smart  contract can always get away.