Very disappointing to see many Defi projects exist scam this days making uncomfortable for investors, too bad people are falling for this scams, it has been said that people should do much research to be sure of what type of project they want to invest on, this is new way for scammers to exploit people, everyone should take note.
It is not a big surprise that we are seeing scammers following the trend. If you check back during the initial cryptocurrency hype you could see many coins popping up left and right and many scammers made their money and then came the ICO hype and the scam followed that and then the STO and the IEO and we have seen many scams and now the DeFi hype and if you say that it is disappointing and surprised then you are not following the market.
For people who have been here for a while now will surely see that stuff but if they dont then they are just new into this market yet they havent considered that this one is really just the same into those hype level that we have seen on ICO's and this is no different. Exit scams will surely be there yet scammers will surely just use things whatever they do saw on whats trending as long they can able to extract out money out of investors then thats surely an easy millions for them.Investors shouldnt really be easily get hyped or tagged along with this
new craze.IEO didnt really get that much of attention and now we do have this DeFi but i can say it doesnt really make something new nor relevant overall.