Post
Topic
Board Altcoin Discussion
Re: Another DeFi exit scam just made off with $20M in investor funds
by
Harriti
on 11/09/2020, 18:34:36 UTC


The DeFi space has moved incredibly fast in 2020, especially in recent weeks, with projects such as SushiSwap seeing millions of dollars in action only days after its launch. Some such projects, however, have proven to be problematic in a variety of ways.

https://cointelegraph.com/news/another-defi-exit-scam-just-made-off-with-20m-in-investor-funds
Obviously, no financial institution or new project can earn more than 5% per day to pay interest to investors. it's all just a scam and it's only a matter of time. Greedy people who want to make big profits will die like investors in 2017. I encourage everyone to get to know the project carefully before speculating. Although it is a defi trend, the rate offered by SUSHI is too high compared to the normal rate and it will certainly soon go away like the previous scam projects. Be careful in the crypto market, money is never easy to make.