If he is telling the truth then it should be a really crazy story. To invest in a DeFi project and for that he might have spend some time researching and then to invest well over hundred dollars and then to come to a realization that the project died two hours from the time he invested shows how crazy the DeFi hype is all about.

I am personally not investing in these markets but from what i have seen it looks like the typical pump and dump scenes and it looks familiar like the old ICO hype but this looks much more crazy  .