Post
Topic
Board Service Discussion (Altcoins)
Re: Potential DeFi Exit Scam
by
Christabel247
on 27/09/2020, 14:41:25 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

What do you expect? This is 2017 repeat of ICO pulling an exit scam here and there. Investors should learn their lesson from the past and not repeat it. It's good that a third and independent party has warned us, but it is already too late as the website is no longer accessible, (first sign of an exit scam). And then those who lost their money will blame crypto currency as a whole for their foolishness.

Many projects have been using the name of DeFi to scam people there and here, is just like the period of ICO we have to be very careful all in the name of DeFi.