Topic: Another DeFi exit scam - page 4. (Read 910 times)
As expected, the new trend serves a new tool for bad actors to lure their victims. They can easily adopt with the trend and take advantage of the hype. There’s always victims because a lot of people are greedy or no accurate knowledge about the projects. There are so many Defi projects in the space now but 90% of it are probably trash or just want to grab your cash and run.
Why create new topics if you already have a common topic?
https://bitcointalksearch.org/topic/m.54987194
The topic contains enough data to conduct good analytics.
I wanted to deliver a message in a way that, I think, can be seen by more people. What you copied and posted in your thread with caption as "English translation" isn't actually a translation. Other than the second paragraph in the OP, everything else is my personal message. https://bitcointalksearch.org/topic/m.54987194
The topic contains enough data to conduct good analytics.
The issue of Defi exit scam doesn't seem to freak Defi investors. There's a philosophy of higher risk, higher reward. The investors are aware of the reward and are willing to take the risk Inorder to get the best reward. I agree that definitely exit scam is as popular as it was during the ICO's where we always heard of ICO's scam, but more people were still investing in ICO's.
There's truth to this. There are really aggressive investors with high risk appetite and they go after money making opportunities but many of these guys are more responsible than we think they are. What they invest are money that they can afford to lose. Unlike other newbie investors, they have assessed the risk but still willing to take it because they are okay if the investment goes down.
The issue of Defi exit scam doesn't seem to freak Defi investors. There's a philosophy of higher risk, higher reward. The investors are aware of the reward and are willing to take the risk Inorder to get the best reward. I agree that definitely exit scam is as popular as it was during the ICO's where we always heard of ICO's scam, but more people were still investing in ICO's.
It's quite difficult to explain but from the look of things, it seems Defi is going the way of ICO and that's terrible because it's barely months. Also, from another angle, Defi projects were filled with too much hype and the signs started showing of which many were warned but because of the hype which is too much, many people failed to get the message, its painful they are getting the message in a hurtful way now.
The truth also still remains that, Defi hype is still there and therefore many projects will surely keep coming up of which many will be from scammers, so let people be careful and make the right choices regarding investing in any Defi projects.
The truth also still remains that, Defi hype is still there and therefore many projects will surely keep coming up of which many will be from scammers, so let people be careful and make the right choices regarding investing in any Defi projects.
Why create new topics if you already have a common topic?
https://bitcointalksearch.org/topic/m.54987194
The topic contains enough data to conduct good analytics.
Scam is usually food tokens and other staking crap.
And what does Defi have to do with it?
Show me at least one project in which venture capitalists have invested and it has become a scam.
It's like going out on the street in search of earnings, going to a casino and losing all the money there, and then shouting that there is deception everywhere.
https://bitcointalksearch.org/topic/m.54987194
The topic contains enough data to conduct good analytics.
Scam is usually food tokens and other staking crap.
And what does Defi have to do with it?
Show me at least one project in which venture capitalists have invested and it has become a scam.
It's like going out on the street in search of earnings, going to a casino and losing all the money there, and then shouting that there is deception everywhere.
This is an early exit scam, early than I expected. Many warns not to join the hype especially if there’s no real business and only here to scam people, yet greedy people fall on this trap. DeFi is a good one technically but the hype is too much, and scammers see this as an opportunity. It you are going to invest on DeFi make sure you know its real value so you wont fall on any exit scam project.
Oh well, it's bound to happen I guess, with so many gullible crypto traders who would just invest on something blindly especially if they see the keyword "Defi". Again, as I have said in many of my post about Defi, we are in 2017 again, similar to the madness of ICO wherein scammers are taking advantage of this noobs investors and make money out of them.
I think investors should be more wiser when it comes to investing in this new defi project, my advice is don't stay too long to the point of get dumped on, always sell at the first chance and get out, only those who are greedy will hang on to the point where team exit scam.
Crypto newbies always prefer to learn the hard way, no matter how much effort you put on to warn them here and there they will end up taking the wrong path, we have done our best and we will keep warning others, I'm sure those who end up losing money to scam projects will readjust and now cool down to learn and observe first instead of rushing to make money.
I always talk about it too. Each new participant hopes that this will not happen to him and he will not stumble upon a scam project. But also many bounty hunters already understood, how to hedge a little and not join the deception - it's to participate in campaigns with trusted managers.
~
This is the advantage of the scammers using bounty hunters to promote the project and create a hype out of it, I think bounty hunters should really do start to take care of which projects they are promoting, yes they needed money and you can have it on by participating to bounty and airdrops but I don't think it's not a reason not to search about the project if they are legitimate or not however we can't blame them since some of the scam projects really look like a legitimate projects.
It shouldn't take a genius to figure out that a project is doing something shady. Anonymous developer and heavily shilled project on social media are just two of the many reasons you should suspect and stay away. This is the advantage of the scammers using bounty hunters to promote the project and create a hype out of it, I think bounty hunters should really do start to take care of which projects they are promoting, yes they needed money and you can have it on by participating to bounty and airdrops but I don't think it's not a reason not to search about the project if they are legitimate or not however we can't blame them since some of the scam projects really look like a legitimate projects.
This had an anon dev too? Could someone answer why people are suddenly trusting anon devs again? Bitcoin was the only project that actually worked out fine with a pseudonym dev, but that's because Satoshi didn't dump his coins, not yet anyway.
Yes, the developer is anonymous. Many of these scammers uses the "Satoshi Nakamoto is anonymous" excuse to defend their lack of transparency. While it's true that he's anonymous, other developers who contributed in the early days aren't. I also doubt he had a huge business interest in mind unlike these token developers taking advantage of hypes and trends.I think investors should be more wiser when it comes to investing in this new defi project, my advice is don't stay too long to the point of get dumped on, always sell at the first chance and get out, only those who are greedy will hang on to the point where team exit scam.
More than 90% of the time, you'll lose with that strategy. Have you seen how fast new tokens are being dumped on exchanges? It just take a minute or less. You could be sleeping or just taking a pee while they're dumping.~
You are certainly right. But you cannot know 100% which of the projects will be a scam until this project is implemented, raises money and deceives investors. Until this path is passed, it is difficult to understand whether it is a scam or not. The fact that people believe everything and this is the problem, but investors can also be understood, everyone wants to make money right now. These are the risks that you should always be aware of and not be greedy about. As for scammers, they have been and always will be.
You don't need to be 100% certain before you avoid such projects. You just have to know the warning signs I mentioned above to realize that you have to take a step back. You are certainly right. But you cannot know 100% which of the projects will be a scam until this project is implemented, raises money and deceives investors. Until this path is passed, it is difficult to understand whether it is a scam or not. The fact that people believe everything and this is the problem, but investors can also be understood, everyone wants to make money right now. These are the risks that you should always be aware of and not be greedy about. As for scammers, they have been and always will be.
Thats what we often say, dont just follow the trend and hype because you're more concern on gaining profit.
Its best to do a research and think carefully if this project is worth to invest in.
Regrets are always in the end so to those who join in this project, let this be a lesson to not trust easily and join the hype. Dont be greedy because its your hard-earn money that you will put to risk.
Its best to do a research and think carefully if this project is worth to invest in.
Regrets are always in the end so to those who join in this project, let this be a lesson to not trust easily and join the hype. Dont be greedy because its your hard-earn money that you will put to risk.
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.
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.
It's always advisable to do research and moderate your greed, there are so many airdrops and giveaways like that I consider all these as traps they promise you high value of their token just to promote and support them only to find out later that they will do an exit scam, they have done this in the past they are now doing it in this DeFi hype.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
This is getting interesting despite that I'm also among Defi project investor and the chance of project owner running away with investors money is what Vitalik advised people on Twitter but it amaze me how some crypto investors chasing after their own destruction by ignoring the danger in crypto investment.
I hope many investor will learn from this.
I hope many investor will learn from this.
This is why never really trusted any forms of altcoins investment. I had been there and was scam. Yes, there are project that can be listed but its market price will be too low compared the market price during the ICO period. Many reason will be explain for the team but then again it will all end up in scamming like having a dead project team that has full of promises. Later on an investors will going to find out that project is dead and his money is lost. So, never trust anyone here with your money and if you really are notnsure with the investment then take bitcoin instead.
It is sad to see another scam pretending to be a DeFi project happens. It is always like this. Whenever a trend is so popular, we always see news about scammers taking advantage of the popularity of certain stuff. I think this is also investors fault, since they invest on a project without fully researching their investment.
You are certainly right. But you cannot know 100% which of the projects will be a scam until this project is implemented, raises money and deceives investors. Until this path is passed, it is difficult to understand whether it is a scam or not. The fact that people believe everything and this is the problem, but investors can also be understood, everyone wants to make money right now. These are the risks that you should always be aware of and not be greedy about. As for scammers, they have been and always will be.
Well, at least verify the people behind the project. At least whenever the project become rogue you know the people behind the project and can file a proper complaint. Even if you don't get your money back, at least this criminal when apprehended will spend their time in jail.
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.
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.
You are certainly right. But you cannot know 100% which of the projects will be a scam until this project is implemented, raises money and deceives investors. Until this path is passed, it is difficult to understand whether it is a scam or not. The fact that people believe everything and this is the problem, but investors can also be understood, everyone wants to make money right now. These are the risks that you should always be aware of and not be greedy about. As for scammers, they have been and always will be.
Well, at least verify the people behind the project. At least whenever the project become rogue you know the people behind the project and can file a proper complaint. Even if you don't get your money back, at least this criminal when apprehended will spend their time in jail.
When ever there is a hype in new cryptosystem then there bound for news like this. This is not palatable at all. DeFi project has exposed investors again to terrible scammers that are all out to steal peoples fund.
I think investors should be more wiser when it comes to investing in this new defi project, my advice is don't stay too long to the point of get dumped on, always sell at the first chance and get out, only those who are greedy will hang on to the point where team exit scam.
DeFi right now is just creating hype in the market then it will be in a bad dump when it starts at the top, I'm not that surprised by the new DeFi project with a higher price tag and remember it came out a lot with scamer and in the end we got stuck in the new DeFi. 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.
It's crazy because of the amount of eth that scam project gott is a lot, and I think the one to blame is crypto influencers because I saw a lot of them on Twitter they held giveaways with sponsorship money from this scam project, they easily used their audience to create hype so that many were trapped in that scam project, and I hope they will realize this soon and prefer to promote a real crypto project. 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.
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 surprising because i have been following defi projects but somehow i have missed this project and if it has exit scammed then i will consider myself lucky to skip this somehow but i doubt they have collected 20 million and it is easy to trace in case of defis so if you have tracking link do share here so we can see how much funds they run away with exactly. 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.
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.
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.
You are certainly right. But you cannot know 100% which of the projects will be a scam until this project is implemented, raises money and deceives investors. Until this path is passed, it is difficult to understand whether it is a scam or not. The fact that people believe everything and this is the problem, but investors can also be understood, everyone wants to make money right now. These are the risks that you should always be aware of and not be greedy about. As for scammers, they have been and always will be.
I think investors should be more wiser when it comes to investing in this new defi project, my advice is don't stay too long to the point of get dumped on, always sell at the first chance and get out, only those who are greedy will hang on to the point where team exit scam.
Jump to: