There were interviews during the pump on March where Mark Cuban minded down the risks of Defi. He was preaching permissionless markets and free markets for everyone. Now he is screaming for regulations hehehe. It might have been better not to larp.
This also is clearly similar for everyone else in the cryptospace until we experience a rugpull or an exploit.
Last night, billionaire investor Mark Cuban said he was “hit” by the sudden collapse of a cryptocurrency called TITAN; the token shed nearly 100% of its value over the course of a few hours.
Now, after losing what he’s characterized as a “small” percentage of his portfolio, he’s calling for increased regulation around stablecoins—a subgroup of cryptocurrencies meant to hold a “stable” value tied to a particular fiat currency.Read in full https://decrypt.co/73861/mark-cuban-titan-defi-crypto-regulationYou have to go through it or experienced it to get the feel of what is like investing in DeFi and the volatility of the market, being a victim of rug pulls before, just glad that I invested a small amount, anything that is to go good to be true needs to be scrutinized these DeFis exploit the greediness of the investors, Cuban case is not an isolated case, scamming and rug pulls have been on us and will continue to be part of the market, your defense is education.