That's definitely the case because scammers have been starting to take advantage of the phases of ICO, IEO, and now Defi, they always somehow have managed to scammed people by using such events bubble where people had to get easily caught up.
They are seeing the same opportunity from defi. There are so many scam defi right now even some trusted defi on BSC have become scam projects. IDK why bitcoin can be fooled by the scam project.
this time people are being even smarter than before and less scam defi appeared in the market.
We must always DYOR. Never try to deal with the suspicious defi.