The defi is now trending its got a huge hype but i think the process they follow its amazing .we have seen lots of scamming in past years on ICO and IEO but still the good project has been succeed .I always suggest investor to invest on a legit project but sometimes its may happen .Hope the upcoming project will be better .
Topic: Another DeFi exit scam just made off with $20M in investor funds - page 2. (Read 652 times)
September 13, 2020, 09:22:34 AM
September 13, 2020, 09:08:40 AM
When these defi things get hyped up to a certain extent, and many project of the form started springing up, I had knew that would be a point of predation on the newbies by these cryptocurrency scammers that disguise as good project teams.
September 13, 2020, 09:02:45 AM
Yeah, newbies seem to be the prey to this unending project with exit scam information, Defi hype is making some investors not to think properly before taking any risk, they just want to catch the next big thing and scammers have recognize this so they utilize it, even when lots of people have been scammed, others don't seem to learn from it.
it is not a matter of new or old people. It relates to everyone's different psychology when it comes to the hype and character of market trends moving.
September 13, 2020, 08:45:30 AM
Sounds like 2018 and ICO tokens getting dumped 
I had already expected this since the DeFi hype was going quite similar to the ICO hype.
The difference being that those who were aware of the ICO hype backed off this time which is why the DeFi hype didn't last longer.
I think sooner or later most of the DeFi tokens will be dumped and only a few tokens with real potential will survive this DeFi dump.
I had already expected this since the DeFi hype was going quite similar to the ICO hype.
The difference being that those who were aware of the ICO hype backed off this time which is why the DeFi hype didn't last longer.
I think sooner or later most of the DeFi tokens will be dumped and only a few tokens with real potential will survive this DeFi dump.
September 13, 2020, 08:34:41 AM
Nowadays you don't have to be a professional hacker to be able to do that , with a simple WordPress website, a smart contract with logo, some shit token you can do that too , unfortunately, market has been overloaded with newbies and they seem to be good bate for some thieves .
Yeah, newbies seem to be the prey to this unending project with exit scam information, Defi hype is making some investors not to think properly before taking any risk, they just want to catch the next big thing and scammers have recognize this so they utilize it, even when lots of people have been scammed, others don't seem to learn from it.
September 13, 2020, 08:13:05 AM
Right from the beginning, I was against over-hyping DeFi. Because I have seen how the previous bubbles fared. We had the ICO bubble in 2017-18, and then the IEO bubble in 2019. You can check the current state of these bubbles now. Every time, the bubble form around an interesting idea. The concept of ICO, IEO and DeFi is really good. But the problem is that after they get over-hyped, the scammers will flood the market with their pyramid and ponzi schemes. And unfortunately, there is no shortage of investors who are either stupid or greedy (or both) to fall for these schemes.
September 13, 2020, 06:25:45 AM
Well, how many scam DeFi projects have to come to bring people to a question, why I would risk my money for few percent interest? There are sooo many working DeFi platforms, lending platforms with up to 8% interest rate, why people still risk their money to gain a little bit more? 
September 13, 2020, 06:21:12 AM
Investors try to buy DeFi tokens at a low price at an early stage of project development. And such investors do not wait for the project to be audited, in order to get a high profit. Perhaps such a strategy brings profit to the investors, if the rest of the projects turn out profitable.
Some are profitable, some are not, still for investors who buy DeFi tokens at low prices and succeed with the continuation of higher prices then that is lucky, but now there are still many DeFi tokens that continue to be disguised, even some investors don't know how to choose DeFi tokens at an early stage.I think there are still many benefits from the DeFi project until now even investors are still hunting for it to buy in the early stages of development.
September 13, 2020, 05:59:19 AM
Investors try to buy DeFi tokens at a low price at an early stage of project development. And such investors do not wait for the project to be audited, in order to get a high profit. Perhaps such a strategy brings profit to the investors, if the rest of the projects turn out profitable.
September 13, 2020, 05:57:38 AM
This defi story is so like ico story. Soon we will see a lot of posts like this
September 13, 2020, 05:37:30 AM
A project has an anonymous team dev and they are willing to spend a large amount of money to participate in a private sale. They deserve to lose money for a project of this kind, at least they need to know who is behind the project and whether the source code of the project already exists, and who is moderating them. For me, a decent project should not give them too much money because they may not work seriously.
September 13, 2020, 05:29:54 AM
Such as ICO project in the past, there are good and bad/scam project and the same with the DeFi project. The lesson here is don't just put an investment to the project just because you saw that is trend, make a research don't just put your money in DeFi.
Scammers have always been parasites in the crypto space, throughout the history of crypto projects have never been free from scammers, starting from ICO, IEO and DEFI. Their presence is very disturbing, thus making investors suffer huge losses. Investing in crypto projects is very risky, but we can avoid it by researching and understanding the direction and goals of the projects we are going to invest in. September 13, 2020, 02:38:43 AM
Nowadays you don't have to be a professional hacker to be able to do that , with a simple WordPress website, a smart contract with logo, some shit token you can do that too , unfortunately, market has been overloaded with newbies and they seem to be good bate for some thieves .
September 13, 2020, 01:56:17 AM
What the hell is yfdexf.finance? Like seriously how the hell do you guys find those places? I really do not understand that at all. I wouldn't put in a single cent there but people collectively ended up putting over 20 million dollars for the dude to actually steal from them.
I could seriously consider starting a "asdgavvxcvasdefi.finance" and would probably even make some money, live rest of my life without ever worrying about making a single cent again aside from that. Think about it, this dude stole some 20 million, would you ever need to work again if you had 20 million dollars? I could have just 1 million dollars and even that would be enough for me to never work again in my life, it is such a huge amazing number. Do not be so easy to fool by these scammers.
I could seriously consider starting a "asdgavvxcvasdefi.finance" and would probably even make some money, live rest of my life without ever worrying about making a single cent again aside from that. Think about it, this dude stole some 20 million, would you ever need to work again if you had 20 million dollars? I could have just 1 million dollars and even that would be enough for me to never work again in my life, it is such a huge amazing number. Do not be so easy to fool by these scammers.
September 12, 2020, 04:19:10 PM
Finally what was feared all this time also happened, scammers will do everything they can to get money in the wrong way and harm others, In cases like this, investors are always victims. Incidents like this are very harmful to the good name of Defi, even though Defi is on the right track, but because of the scammer, Investors will think twice about investing in Defi.
I want to support the best projects. I do my best to research but success history is very low. Now I hear only one scam news from DeFi projects. But 20 million is huge money, in future investors will think more than twice. My bad that I didn't find the name to do my research. Although investors are always victims and also high gainers. 
September 12, 2020, 12:27:54 PM
Invest only what you are ready to lose, well, this is one of the main rules of cryptocurrency, in the pursuit of greater profit, you need to be prepared for large losses.
That is certain and everyone in crypto must already know about it and are ready to lose, because if they are not ready, of course they will have left crypto first and will never be here again for anything else.the scam is always there so they need to learn everything before taking the risk to invest their money. Just bad news for everyone if there are new investors leave in crypto world because of that reasons but we need to accept the fact that every thing that there is a money there is also scammers looking in it.
September 12, 2020, 10:45:12 AM
This is what I'm saying since the market makes these Defi projects so popular that even newbies and Noob becomes interested.
the Hype is over and most coins increases more than 100% and there are even a thousand % just because of this scenarios .
Now here we are starting to see what is the real intentions behind this and i believe there are Big financier for this overhyped Market.
For those who are in Defi Investments now?please think 100 times if you need to exit now or face the risk that sooner will come.
If you are already in profit now better leave and find legit coins and of course Bitcoin lol.
the Hype is over and most coins increases more than 100% and there are even a thousand % just because of this scenarios .
Now here we are starting to see what is the real intentions behind this and i believe there are Big financier for this overhyped Market.
For those who are in Defi Investments now?please think 100 times if you need to exit now or face the risk that sooner will come.
If you are already in profit now better leave and find legit coins and of course Bitcoin lol.
September 12, 2020, 10:42:04 AM
Invest only what you are ready to lose, well, this is one of the main rules of cryptocurrency, in the pursuit of greater profit, you need to be prepared for large losses.
That is certain and everyone in crypto must already know about it and are ready to lose, because if they are not ready, of course they will have left crypto first and will never be here again for anything else. September 12, 2020, 10:26:33 AM
Such as ICO project in the past, there are good and bad/scam project and the same with the DeFi project. The lesson here is don't just put an investment to the project just because you saw that is trend, make a research don't just put your money in DeFi.
September 12, 2020, 10:07:25 AM
Damn 20 million is an insane amount of money. Feel bad for the investors but this is the risk you run when you chase quick 3x toke s . I hope they knew the risk they got into.
I think all investors know about the risks they are facing so they don't feel afraid because of it, after all investors have also experienced good luck and got the maximum return on their investment. Jump to: