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October 31, 2020, 10:45:47 PM |
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This DeFi hype has given scammers another opportunity to exploit the greed of many to defraud investors. This is why I believe that there should be some form of regulation for the industry to mature and gain mainstream attention. There have been so many exit scams, termed rug pull. Just yesterday, some DeFi clone projects rug pulled on Uniswap and disappeared with more than $15 million.
Investors should beware of the project they are putting their funds into. Greed is a killer.
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