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.
This is the problem with the crypto space nowadays . If something becomes a success some greedy people copy paste the idea start overdoing it and it becomes a false trend which in turn make crypto look bad to people who have no idea about cryptocurrencies and are just getting to know it because of the bad name . The same thing happened to ICO's and now its DeFi . Just found a new copycat thats probably an exit scam .