In the world of cryptocurrency there are various types of scams, so we bounty hunters must be careful and also analyze further the projects we are promoting, because the more people who promote a scam project, the more investors will be deceived, including defi projects that are currently popular nowadays.
The problem is that things are getting so bad that for the most part bounty hunters should stop promoting new projects, after all the majority of them are scams and the few that are not do not really need bounty hunters at all as they can make use of exchanges to promote their projects and gain popularity with investors without the need to try to convince people in this forum or in social media which explains why bounty hunting is getting less and less effective as time passes. 
Topic: Another DeFi exit scam (Read 948 times)
In the world of cryptocurrency there are various types of scams, so we bounty hunters must be careful and also analyze further the projects we are promoting, because the more people who promote a scam project, the more investors will be deceived, including defi projects that are currently popular nowadays.
when many scams like that will indeed make the name cryptocurrency worse and of course there will be many investors who do not believe in cryptocurrency anymore, and the problem is the difficulty in determining whether a project is scam or not at the beginning of its journey because sometimes it just looks a scam when it has been running a little more long.Here is another scam and people still blindly follow the empty promises filled with air. The DEFI scams will continue and more people will be a victim of the well-planned scams, unfortunately. The scary part is there wouldn't be any legal charges against the Yfdexf team and they will walk free. Shameless influencers will stop until the next scam project will send them a nice amount for publishing their whitepaper.
We cannot blame them since they are only hoping to make enough profit out of their investment. They are willing to risk their money even if there is no guarantee of return, it is like they gamble what they have hoping to make money. Even if there are so many reminders, we all know that they are being reached by those reminders, but if they still risk their money, that end is because of their own choice. 
In the world of cryptocurrency there are various types of scams, so we bounty hunters must be careful and also analyze further the projects we are promoting, because the more people who promote a scam project, the more investors will be deceived, including defi projects that are currently popular nowadays.
when many scams like that will indeed make the name cryptocurrency worse and of course there will be many investors who do not believe in cryptocurrency anymore, and the problem is the difficulty in determining whether a project is scam or not at the beginning of its journey because sometimes it just looks a scam when it has been running a little more long. I've been reading several posts on this platform of different Defi projects that had exited the space with millions of dollars, but it amazes me that despite these issues we still have people investing sporadically on Defi projects without any research as to whether the project is valid or not. I know that with time people would get tired of loosing and the Defi trend would come to a halt, just like ICO's.
It should be borne in mind that now it is sometimes very difficult to distinguish a fraudulent ICO project from a project with a poorly trained team, albeit with a good and promising idea. Therefore, no matter what our own research we do, there will always be a risk of getting into a fraudulent project. DeFi projects are now raising very large amounts of money, so they will attract a lot of scammers. 
In the world of cryptocurrency there are various types of scams, so we bounty hunters must be careful and also analyze further the projects we are promoting, because the more people who promote a scam project, the more investors will be deceived, including defi projects that are currently popular nowadays.
investing in defi must thorough while we analize project, dont ever miss even single point. we see several defi project now be scam and only this thing that we could to do no else. defi look interesting but we have to know its contain high risk too , price could rise 10x but it could run out in few minutes after listing.
You should also be able to mention what DeFi coin is a scam and maybe also be able to provide more detailed information so that many will read the information you provide which will be very useful for new traders who can avoid defi projects that are indicated as scams.
What the hell man, that is a huge amount of money, 20 million !!
From here, we can learn that defi project doesn't give a guarantee the project will become a success one.
There were to many hypes in defi projects, Yfdexf.Finance was one of them. We should be careful more if we want to invest on hyped defi projects.
From here, we can learn that defi project doesn't give a guarantee the project will become a success one.
There were to many hypes in defi projects, Yfdexf.Finance was one of them. We should be careful more if we want to invest on hyped defi projects.
investing in defi must thorough while we analize project, dont ever miss even single point. we see several defi project now be scam and only this thing that we could to do no else. defi look interesting but we have to know its contain high risk too , price could rise 10x but it could run out in few minutes after listing.
its very bad when crypto market trying to recover after suffered so many negative news and smoothly growth but Defi project destroyed it. many Defi ended scam and caused market crash . last news from telegraph about just swap https://cointelegraph.com/news/tron-legitimized-a-project-before-it-pulled-an-exit-scam-community-says . hopefully it will not happen again to us.
Unfortunately it will keep happening scammers feel like they can get away with anything and I think that for the most part they are right, people on their rush to make money in the markets decide to invest when they have no knowledge about it and because of this they end up losing money that they in fact needed for their everyday life, and then they have to face enormous economic problems and when you add the pandemic to all of this then their situation becomes unsustainable, but scammers do not care and for the most part authorities do not care either so if you are going to invest then make sure that whatever project in which you are investing is legitimate and if you have even the smallest suspicion this is not the case then you need to run away from that project. 
yes better avoid projects that look less legitimate because it would be detrimental to others and ourselves if the project came out to be a scam, now is the defi project season you can see on twitter a lot of new projects that have sprung up and I think many will become scams.
And on average, the new projects also embed the name DeFi to attract more investors, because DeFi is still in a good trend so some project developers take the opportunity to build new projects through the DeFi system even though it is only in name.
yes better avoid projects that look less legitimate because it would be detrimental to others and ourselves if the project came out to be a scam, now is the defi project season you can see on twitter a lot of new projects that have sprung up and I think many will become scams.
Yes, the scammer team of Yfdexf project got successful in their lousy attempt and this is just a beginning if we don't get alert there will be many more projects will exist scam, bounty and airdrop participants should have to understand this truth that they are not going to be millionaire by participating in lot of bounties in single time this is not going to happen ever so avoid those bounties and airdrops which looks suspicious in any way only focus on genuine bounties/airdrops.
The problem is it's still hard to find good projects, people do not want to promote scam projects they do not want to waste their time and their effort they only want a good project, bounty hunting is now is a hit or miss you find a project to promote and it turns out to be a scam, you find a good project but they ask a lot and sometimes did not distribute or low value.
Yes its true still hard to find good project, i try join bounty unidapp and its look good project like uniswap, project like dfinance from wings team seem like legit project. Dfinance (xfi ) swap from wings token and not have token sale, total supply xfi 145 million. I hope i can make some profit with those unidapp and dfinance.
Yes, the scammer team of Yfdexf project got successful in their lousy attempt and this is just a beginning if we don't get alert there will be many more projects will exist scam, bounty and airdrop participants should have to understand this truth that they are not going to be millionaire by participating in lot of bounties in single time this is not going to happen ever so avoid those bounties and airdrops which looks suspicious in any way only focus on genuine bounties/airdrops.
The problem is it's still hard to find good projects, people do not want to promote scam projects they do not want to waste their time and their effort they only want a good project, bounty hunting is now is a hit or miss you find a project to promote and it turns out to be a scam, you find a good project but they ask a lot and sometimes did not distribute or low value.
You've said it all mate, not matter how Most of us try to warn people, some people still won't listen, some will know that the project they are promoting is a scam project but still will go ahead promoting it having the mindset that before the project closes shop, they must have cashed out.
This is the warning am sending out to those investing and promoting Dextrust, i just created a this thread https://bitcointalksearch.org/topic/dextrustanother-scam-waiting-to-happenornot-you-decide-5276205 to warn people of the possibility of scam, but then, some people will read but still go ahead to trow away their hard earned money
good effort but you will be very difficult to remind bounty hunters because most of them don't care about tscam or not they will definitely do it especially for those who follow social media campaign, I don't mean to demean them but this is a fact even sinc ico season a few years ago,has happened a lot, but I'm sure those of investor who buy dextrust tokens will surely listen to you. This is the warning am sending out to those investing and promoting Dextrust, i just created a this thread https://bitcointalksearch.org/topic/dextrustanother-scam-waiting-to-happenornot-you-decide-5276205 to warn people of the possibility of scam, but then, some people will read but still go ahead to trow away their hard earned money
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You've said it all mate, not matter how Most of us try to warn people, some people still won't listen, some will know that the project they are promoting is a scam project but still will go ahead promoting it having the mindset that before the project closes shop, they must have cashed out.
This is the warning am sending out to those investing and promoting Dextrust, i just created a this thread https://bitcointalksearch.org/topic/dextrustanother-scam-waiting-to-happenornot-you-decide-5276205 to warn people of the possibility of scam, but then, some people will read but still go ahead to trow away their hard earned money
This is the warning am sending out to those investing and promoting Dextrust, i just created a this thread https://bitcointalksearch.org/topic/dextrustanother-scam-waiting-to-happenornot-you-decide-5276205 to warn people of the possibility of scam, but then, some people will read but still go ahead to trow away their hard earned money
Yes, the scammer team of Yfdexf project got successful in their lousy attempt and this is just a beginning if we don't get alert there will be many more projects will exist scam, bounty and airdrop participants should have to understand this truth that they are not going to be millionaire by participating in lot of bounties in single time this is not going to happen ever so avoid those bounties and airdrops which looks suspicious in any way only focus on genuine bounties/airdrops.
DeFi brings so many possibilities to earn some good profits. Unfortunately, scammers have hijacked the hype and now use it to lure unsuspecting investors. Everyone should protect their funds by performing relevant research on the DeFi projects they are interested in. Simple stuff like whitepaper checks for plagiarism and GitHub details should be looked into before they go ahead to invest
Obviously, what you are saying is very true and investors should always consider the things that make them quickly hook on every strategy presented by Defi's new projects at this time, because scammers are always there to provide new ways so they can take advantage funds from investors before they run away from the project.
DeFi brings so many possibilities to earn some good profits. Unfortunately, scammers have hijacked the hype and now use it to lure unsuspecting investors. Everyone should protect their funds by performing relevant research on the DeFi projects they are interested in. Simple stuff like whitepaper checks for plagiarism and GitHub details should be looked into before they go ahead to invest
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I've said it already in my previous posts that this DeFi hype will cause many DeFi scam projects and they are starting it already 
.Scams are everywhere and they will swarm the DeFi industry once again. They came with ICO hype is at its peak and now they will do it again in DeFi hype. One project did it already and more will do it too soon.
Poor investors who are easily attracted by these kind of projects.
Poor investors who didn't do any research and just throw the money and hoping that they will get profit.
Poor investors who don't know which projects are they investing their money with.
Feel sorry?? I don't feel sorry for them. I said it too and I will say it again. Investors will not learn if they will not experience things like this. What's worse is that some of these investors are tend to get scammed twice and they are just stupid for real.
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