Everyone and his dog probably know how unregulated the crypto world is. The term Wild Wild West can aptly describe this sphere. Wild profits at really high risks, and of course, dishonesty from some bad actors. These bad actors perpetrate exit scams, right pulls, identity phishing(I have been a victim of this in a bounty campaign, unfortunately) etc.
Now in this neophytic subset of crypto, Decentralized Finance, with the ticker DeFi, these actors have basically taken over. DeFi is an interesting upgrade of Finance and is looking to take over Centralized Finance, but with the insecurity features, this is going to be a pipe dream. I hope crypto in general and DeFi specifically change its act, and gets rid of these unwanted baggages. I still love crypto though
Scammers will always be around and always take advantage of what's trending. We know that the Defi trend is increasing. Many developers who create new projects by taking advantage of the Defi trend. But scammers also take advantage of this opportunity to take investors' money. This kind of thing is a risk that crypto investors must face. If you don't want to take risks, don't get into crypto.