💩DeFi scams [history]💩

[shinratensei_]

Zasad, please add these scam tokens in your list

Kimchi.finance

https://coinmarketcap.com/currencies/kimchi-finance/

Yuno.finance

https://coinmarketcap.com/currencies/yuno-finance/

Both were scamming people through putting the minting function on their smartcontract code and make the owner can mint unlimited token. The total supply was also unlimited. The price of yuno and kimchi were getting dumped so hard.

https://twitter.com/AdamScochran/status/1300869473352597504

[zasad@]

PIZZA is the latest food token scam.

please give a link to the chart.

Is it?
https://www.coingecko.com/en/coins/pizza-usde

I don't see big price drops here

Zasad, please add these scam tokens in your list

Kimchi.finance

https://coinmarketcap.com/currencies/kimchi-finance/

Yuno.finance

https://coinmarketcap.com/currencies/yuno-finance/

Both were scamming people through putting the minting function on their smartcontract code and make the owner can mint unlimited token. The total supply was also unlimited. The price of yuno and kimchi were getting dumped so hard.

https://twitter.com/AdamScochran/status/1300869473352597504

added

[Kezacky]

yes, thank you for telling us all about the list of DEFI scam projects, that way we can find out and avoid them. but I am worried about this DEFI project. many people claim this defi project is a scam.
https://coinmarketcap.com/en/currencies/yearn-finance/
https://coinmarketcap.com/en/currencies/yflink/
https://coinmarketcap.com/en/currencies/yearn-finance-ii/
https://coinmarketcap.com/en/currencies/definance/
https://www.coingecko.com/en/coins/zzz-finance
https://www.coingecko.com/en/coins/yffi-finance
https://www.coingecko.com/en/coins/yield-farming-token
https://www.coingecko.com/en/coins/yfvalue
https://www.coingecko.com/en/coins/yam-v2

[cryptoaddictchie]

Defi is not a scam, just that those who are not try it before look at it as a scam. it's not good to hold your coins long in Defi, because the price can drop at anytime.

Its just a termed for the new hype decentralized finance. What is scam are those projects that made defi hype really look like a scam. There are too many pulled rugs happened in the past few weeks and we can see the effect on it on the long run. Crypto space is now swarming with yield farming types of project. From one to another, major projects started to copied its format like what Justin Sun doing right now. Defi token sun.

[bits4books]

Well! As the great ones used to say, " Oh, Hi Mark!"
You might think that you expected something different from this behavior from these projects. Even quite a novice or my grandfather understood that all this is just a grandiose and another fraud and fraud. If you fell for it and didn't get out in time to earn money - I'm sorry for you, really. But to say that it was sudden and unexpected is not necessary because it will be the same lie as the fact that it is impossible to exist without cash.

[FinneysTrueVision]

please give a link to the chart.

Is it?
https://www.coingecko.com/en/coins/pizza-usde

I don't see big price drops here

That's a different token on EOS. This is the ETH defi token. https://uniswap.info/token/0x1d8dce63d49252dd8eca38b1abfe4d3f160e0647

Here is a story from Coinmarketcap: https://coinmarketcap.com/headlines/news/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/

[Zazzu]

$hotdog $noodle $pasta $pizza
Seems like food tokens are getting a bad reputation and it has affected on $sushi
The problem is when a coin becomes successfull , a lot of imposters come after it , same thing happened with Yfi , $yam , $yamll etc

[zasad@]

please give a link to the chart.

Is it?
https://www.coingecko.com/en/coins/pizza-usde

I don't see big price drops here

That's a different token on EOS. This is the ETH defi token. https://uniswap.info/token/0x1d8dce63d49252dd8eca38b1abfe4d3f160e0647

Here is a story from Coinmarketcap: https://coinmarketcap.com/headlines/news/4000-to-1-in-5-minutes-defi-hotdog-and-pizza-present-free-fall-on-their-first-day/

added

[ryzaadit]

I give another scam.

Justpound Finance: A defi on Tron token, they doing a flash sale and ended yesterday but right now they deleted all information of their project website, twitter, medium, telegram and all data of his website. I think they are got around 200-500K USD from the sale, and exit scam after getting a money careful everyone!

Information scammer :

Code:

Website : justpound.finance
Twitter : @justpoundlabs
Telegram : https://t.me/JustpoundFinance
Medium : https://medium.com/@JustpoundFinance/
Sale Address : TQJaUuvsQBDwZkFmw3qaxFV7EE3Ai7PQXy

Feels sad for all of the victim.

[FinneysTrueVision]

The SushiSwap creator has dumped all his tokens.
https://www.reddit.com/r/binance/comments/in0ga8/sushi_dev_dumps_all_his_sushi/

He is denying this is an exit scam, but the DeFi community is saying otherwise.

[SquirrelJulietGarden]

The SushiSwap creator has dumped all his tokens.
https://www.reddit.com/r/binance/comments/in0ga8/sushi_dev_dumps_all_his_sushi/

He is denying this is an exit scam, but the DeFi community is saying otherwise.

He moved his fund at 1000 Gwei for gas. It is the most terrible reaction to dump all his tokens and get cash. He can get double cash if he short SUSHI on Binance. The true developer will not react this way when market is dumped hard like yesterday. They can get money when price is pumping, no one cares but will the a dump and give his hands to dump more. I don't agree and as said DeFi scam is here.

You can see the SUSHI reward is x10 for early investors that is another thing to make such investors dump their tokens.

[zasad@]

Yfdexf.Finance SCAM stole $ 20 million

English translation:
"There have been numerous warnings about the possibility of DeFi launch scams on various platforms, including bitcointalk, but it seems that people are simply too greedy to take advantage of this ad and profit. As it turned out, many of them burned down due to projects like Yfdexf.Finance.

The Yfdexf team reportedly escaped with $ 20 million. Their official website, telegram and twitter accounts have been disabled to avoid leaving traces.

What happened here is also another reminder to all aridrops and gift-giving hunters to be careful what you share in exchange for some rewards. You may not have realized it yet, but you are also helping these scammers. The Yfdexf team organized a lot of pranks to create a buzz, and many of these hunters just joined in without even thinking about what they were promoting."

https://vsemmoney.ru/topic/36607-yfdexffinance-scam-ushli-s-dengami/
https://zycrypto.com/crypto-whale-warns-of-growing-defi-scams-as-another-protocol-exits-market-with-funds-worth-20m/ 

[zasad@]

DeFi Wonderland
https://twitter.com/NomiChef/status/1304442521137811457
"I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish."

38000 ETH
https://etherscan.io/tx/0xa5179a870734faadbb7abe2cc2030436a870f9bda1f869b3f986d65cbfbe57b8

[hd49728]

DeFi Wonderland
https://twitter.com/NomiChef/status/1304442521137811457
"I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish."

38000 ETH
https://etherscan.io/tx/0xa5179a870734faadbb7abe2cc2030436a870f9bda1f869b3f986d65cbfbe57b8

With the shitshow (two times) NomiChef wants to pump SUSHI again? Will he succeed this time?

Yesterday, SUSHI was dumped so did he bought cheap SUSHI and want to pump it to take profit?

Yesterday lowest price is 0.0001979 BTC/ SUSHI.
About 17 hours ago, this news pumps it to 0.0002857 BTC/ SUSHI.
44% rise with this news, this shitshow.

[zasad@]

DeFi protocol tomatos.finance - scam
DeFillionaire
@DeFillionaire (C)

https://twitter.com/DeFillionaire/status/1309068494969987072

"WARNING from DeFi Leaks: If you receive a token http://tomatos.finance in your wallet please do NOT visit their website and approve any contract on their end. It looks like the approval via the website gives their contract permissions to steal your tokens (USDT, DAI, TUSD, UNI…"

[pungopete468]

I really don't have enough knowledge about DeFi and how they work and now there's a lot of scams that's been popping around and my first impression to it is most of the DeFi are scam and now afraid to invest to it.

[xiboothrezi]

I really don't have enough knowledge about DeFi and how they work and now there's a lot of scams that's been popping around and my first impression to it is most of the DeFi are scam and now afraid to invest to it.

Indeed, we'd be wise to be careful and not easily provoked into investing if we don't understand the DeFi niche. We know, when a trend is popular, it will definitely be used by many people including scammers to take advantage of the market hysteria by creating projects that are manipulated with "DeFi" "swap" frills, this seems like a joke and nonsense.

[Crypto_lion]

A fresh project HatchDao which has been apparently audited by Trustswap has exit scammed . Trust swap are coming up with excuses like they provide auditing only for team lockups .

[zasad@]

I understand that everyone is already tired of this, but here is a new major scam

Investors Count Losses: DeFi Project CBDAO (BREE) Pulls The Rug for Over $1 Million in ETH
https://coinfomania.com/defi-cbdao-bree-pulls-rug-1m-in-eth/

"Investors in the DeFi project, CBDAO (BREE), are scratching their heads after it became evident that the persons behind the project have vanished. The project’s website, Telegram group, and Twitter handles are no longer online, with the total lost funds exceeding over $1 million in ETH.

At the time of writing, the BREE token which had traded as high as $50 in early September was trading at a $0.43 price, representing a 99.1% decrease from that all-time high."

[nancy]

Interesting what we will see by the end of the year. Dozens of scams