Many warnings have been posted about the possibility of DeFi exits scams across different platforms including bitcointalk but it seems people are simply too greedy to take advantage of the hype and profit. As it turns out, many of them got burned from projects like Yfdexf.Finance.
As
reported, Yfdexfs team managed to run away with $20 million. Their official website, medium, telegram and twitter accounts have all been taken down to not leave any traces.
What happened here is also another reminder to all aridrop and giveaway hunters out there to be careful in what you are sharing in exchange for some rewards. You might not realized it yet, but you are also helping these scammers. Yfdexfs team organized many giveaways to create hype and many of these hunters just joined without even thinking about what they are promoting.
@Bttzed03 this is really sad news and I wish some how those scammers are caught, even though I know itll be very difficult to catch them.
Furthermore this is another example why we all should not be greedy, and strictly avoid risking our funds for short term gains by investing in unknown sites and unknown tokens.
Also you have brought up a valid point that bounty hunters need to be careful about what they promote here, and to eradicate such scams older members should tag those bounty hunters, and force them to stop promoting such type of scams.