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Topic: Another DeFi exit scam - page 2. (Read 948 times)

sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
September 16, 2020, 05:30:15 AM
#72
This scammers really do took advantage on this DeFi hype some of the biggest scammers are just really waiting for this kind of opportunity i guess there will be more reports about DeFi scams and soon people who doesn't have enough knowledge about cryptocurrency will mistakenly accuse the DeFi in general as a Scam but in reality they are good project if it is a good and legitimate team.
usually things like this will continue to happen, where there is a new system then everyone is competing to participate which is clear that behind it there is a purpose to cheat, because this method continues and is always used but there are still many who are also deceived. not sure whether this defi system is a scam because only a few have stated it, but with time it will be seen whether this statement is true or not, we are waiting.
This kind of stories brings bad reputation to cryptocurrency, a lot of investors had been warned to beware of the current Hyping of De-Fi projects and stay clear of it.
I read it here were a member of this forum said he had been making profits consistently on this so-called project, It just another ICOs in making which had trended in the past were a lot of investors lost their hard earned money having scammed when those project managers went into thin air with investors funds.
Of course this is not regulator obviously the story of exim scam of De-Fi will continue unchecked.
hero member
Activity: 2576
Merit: 579
September 16, 2020, 05:26:44 AM
#71
Unfortunately, now many projects are hype in the name of that very coin, and people just believe in it and invest money
It was because they used the opportunity to make a profit, so they believed it for a moment, because when the hype was over no one would be able to benefit from the name of the coin, so people who were clever at seizing opportunities would always benefit.
hero member
Activity: 2492
Merit: 542
September 16, 2020, 05:21:00 AM
#70
I feel sorry to investors who invested and expect huge returns but turned into scam just be very careful if you want to invest into new defi especially if team is anonymous and into yfarming schemes dont ever trust much better to pull out your money and put into more serious project, Im sure there are many more scam defi will emerge everyday, stay away in yfarming with no audited smartcontracts and funds are not handled by trustworthy individual.  
full member
Activity: 1638
Merit: 122
September 16, 2020, 05:18:23 AM
#69
  people who doesn't have enough knowledge about cryptocurrency will mistakenly accuse the DeFi in general as a Scam
that is if they will only accuse defi but what if they accuse crypto as a whole ? but on the past when theres still no defi , crypto was already been mistaken by some as a scam but somehow most of those people already learn  . i just dont want the issue to rise again because there are those that are still not involved ln here  .

Quote
i guess there will be more reports about DeFi scams
defi hype is not over so you can be right  but its okay if they report it atleast they know and they detected that it was a scam . its only worst if they will leave those scammers unharmed because scammers think that they were succesful and wont be shy to keep coming back
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 16, 2020, 04:56:28 AM
#68
This scammers really do took advantage on this DeFi hype some of the biggest scammers are just really waiting for this kind of opportunity i guess there will be more reports about DeFi scams and soon people who doesn't have enough knowledge about cryptocurrency will mistakenly accuse the DeFi in general as a Scam but in reality they are good project if it is a good and legitimate team.
usually things like this will continue to happen, where there is a new system then everyone is competing to participate which is clear that behind it there is a purpose to cheat, because this method continues and is always used but there are still many who are also deceived. not sure whether this defi system is a scam because only a few have stated it, but with time it will be seen whether this statement is true or not, we are waiting.
hero member
Activity: 1470
Merit: 504
September 16, 2020, 04:15:39 AM
#67
This scammers really do took advantage on this DeFi hype some of the biggest scammers are just really waiting for this kind of opportunity i guess there will be more reports about DeFi scams and soon people who doesn't have enough knowledge about cryptocurrency will mistakenly accuse the DeFi in general as a Scam but in reality they are good project if it is a good and legitimate team.
newbie
Activity: 20
Merit: 0
September 16, 2020, 04:01:38 AM
#66
Many warnings have been posted about the possibility of DeFi exits scams across different platforms including bitcointalk but it seems people are simply too greedy to take advantage of the hype and profit. As it turns out, many of them got burned from projects like Yfdexf.Finance.

As reported, Yfdexf’s team managed to run away with $20 million. Their official website, medium, telegram and twitter accounts have all been taken down to not leave any traces.

What happened here is also another reminder to all aridrop and giveaway hunters out there to be careful in what you are sharing in exchange for some rewards. You might not realized it yet, but you are also helping these scammers.  Yfdexf’s team organized many giveaways to create hype and many of these hunters just joined without even thinking about what they are promoting.

This is the problem with the crypto space nowadays . If something becomes a success some greedy people copy paste the idea start overdoing it and it becomes a false trend which in turn make crypto look bad to people who have no idea about cryptocurrencies and are just getting to know it because of the bad name . The same thing happened to ICO's and now its DeFi . Just found a new copycat thats probably an exit scam .

https://imgur.com/a/8eXuv9W

Funny thing is people are buying into this scam ...smh
full member
Activity: 1050
Merit: 102
Cryptocurrency addict | Invest at your own risk.
September 16, 2020, 03:29:59 AM
#65
The real warning was a long time ago when ICOs were still happening but while crypto is a place for people looking for something crazy in investing, they expect huge profits without thinking they could lose all the money. Looks like new people or people with small capital are only being played by the big whales
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
September 16, 2020, 12:44:29 AM
#64
Yes, it's no wonder that many scammers take advantage of the Defi trending situation as a new scam tool. plus many bounty hunters have become obsessed with taking part in the Defi hype including the Yfdexf.Finance project. fortunately I am not at all interested in participating in the project, hopefully the bounty hunters will be more careful and do not easily believe in this Defi program.
full member
Activity: 910
Merit: 101
September 16, 2020, 12:44:23 AM
#63
next year maybe defi trend will ended and most of defi project will move their goals or concept.  DEFI could be bubble and anytime will burst if we dont carefull about this. next year maybe cryptocurrency price will go to all time high again as previous history, or even repeated peak price ever.
Where do you get news like that so you can say future predictions and future possibilities for the cryptocurrency situation? isn't the state of the cryptocurrency market very difficult to predict and predict? If you can predict all the things that will happen to cryptocurrency, you've always been rich.
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
September 16, 2020, 12:03:54 AM
#62
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.

yes, we hope that there will be improvements and changes that occur but every new system emerges is considered the best even though there is no accurate proof of the success achieved with the new system. but indeed it cannot avoid many who are looking for loopholes to get around how to cheat in a renewable way. need to be careful of all who want to invest, do not be tempted by a new system that has not seen prominent results. remember the past system changes continue to occur but there is no change from people who cheat.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
September 15, 2020, 11:55:57 PM
#61
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.
full member
Activity: 1176
Merit: 100
Vave.com
September 15, 2020, 11:18:00 PM
#60
those one was the chance of absence with public of audience as the fallacy as to put on provision as work on project development along with drafts of objective must gains of exchange to recover expends on waste as the entrance within the early phase as might have with least on supports with the funds on authorization.
sr. member
Activity: 1078
Merit: 250
September 15, 2020, 10:46:47 PM
#59
Because at this time money means more than the noble goal of creating a freer financial world, and I am very confident that if next year there is a trend other than DeFI, I think what is currently happening will repeat itself, this is the reality of the world now.
Yes, and even though things that have happened before may repeat themselves, it is clear that they will not be exactly the same as what has happened, because each incident must have a different cause in each year.
sr. member
Activity: 1652
Merit: 262
September 15, 2020, 10:24:32 PM
#58
yes, but bounty hunters in general are not 100% to blame either. because basically, they don't know whether it will end up being a scam or not. because they must have only looked at the reward pool and rules section. as long as the whitepapper and road map are read even though they lack understanding, the bounty hunter must be interested in joining the project regardless of whether it will be a scam or not.
full member
Activity: 566
Merit: 107
September 15, 2020, 03:19:39 PM
#57
I can't stand it anymore. We fight for more free world where is almost everything possible. But, why human beings still disrupt this nice idea? Why there aren´t more good ideas and solutions? Why everyday we read about new and new scams? We will never achieve this with this approach.  Roll Eyes
Because at this time money means more than the noble goal of creating a freer financial world, and I am very confident that if next year there is a trend other than DeFI, I think what is currently happening will repeat itself, this is the reality of the world now.
hero member
Activity: 2688
Merit: 588
September 15, 2020, 11:40:34 AM
#56
It is 100% correct that greed causes all of this, reality is people saw defi made people millions of profit, and some of them made that profit themselves, truth be told there was A LOT of profit made from defi and that was one part of the story of defi.

After a while they realized that they are getting so much rich, or others are, and they thought they should do the same thing as well, so they started to invest like crazy and suddenly we are at a point where people actually did invest into all kinds of silly fake scam stuff because in their mind it was defi and defi was profit, obviously they learned the hard way that it was not and that was just a scam disguised as defi. Learn the fact that just because something is defi doesn't mean that it will be profitable.
sr. member
Activity: 966
Merit: 254
September 15, 2020, 11:20:32 AM
#55
I can't stand it anymore. We fight for more free world where is almost everything possible. But, why human beings still disrupt this nice idea? Why there aren´t more good ideas and solutions? Why everyday we read about new and new scams? We will never achieve this with this approach.  Roll Eyes
legendary
Activity: 2660
Merit: 1141
September 15, 2020, 11:12:51 AM
#54
Just like ICO, Defi is just another pseudonym of that, the scammer has amassed huge profits from the hype and many people don't realize that the same scammer will create another defi scam project after escaping. Please be careful investing your money in any defi project.
sr. member
Activity: 2380
Merit: 366
September 15, 2020, 08:44:35 AM
#53
The hunters are partly to blame but this post is somehow pointing fingers at the wrong people. Hunters may have the responsibility to make a little research whether what they are promoting is legit or scam, but they cannot make a very detailed one as if they are experts on it. The hunters' job is not to judge projects.

Hunters are not going to promote a scam because that would mean all their efforts will be for nothing. But there are times when what they are honestly promoting which they believed to be legit turned out a scam. That is not to be blamed on them. That is to be blamed on the scammers themselves. Why point fingers to the hunters?
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