💩DeFi scams [history]💩

[akwfleaspirit]

A lot of defi scams, who knows, yfi might be one until they managed to sail through to keep there name ontactef. Cryptocurrency space have been a place of different ideas springing up to make profit. Ico, IEO, now defi. Even old projects are switching to defi. All I can advice is, be careful where you invest your USDT. Make sure to keep and eye and do a proper check before investing.

[1715642284]

1715642284

[1715642284]

1715642284

[IvugeoEvolutionCoin]

Creating DeFi projects and no done due diligence and testing for their smart contract? This clearly shows a scam and the initial idea was to attract investors from social media hype. We should be careful about such projects.

YAM Finance team actually failed with regards of proper test running before launch, however you can't conclude it was a scam plot. Projects like Quantstamp are neglected, this project runs security audits for smart contracts and many startups fail to consult them which is not correct. If I were an investor in YAM, I will also lose some level of confidence in the team since they didn't do their home work properly before public launch. It's true that so many new scam DEFI projects are on the rise, we should be careful what we invest in.

[pedpedped101]

bro haha all these uni defi erc shit things are pure garbaaaaaaaaaaaaaaage.  sure in many years 1 or 2 MAY have some role in the tech eth is trying to implement but otherwise it's all another hype cycle of bullshit.  all pnd whale action for this crap.  99% of ppl don't know or care what they are.....they just wanna be greedy and make money.  sadly most will get rekt.

not all of them garbage dude, i am agree so many people be greedy in this Defi project , they thinking if investing in Defi could get high return only in few days or weeks. but most of them didnt give anything to investors and only  make investors rekt. many example creepy project in uniswap exchanges, most of them just following trend.

It is actually sometimes very hard to sieve the good ones out of the bad in the crypto space. Just within this short period.that DeFi hype had just started, some projects have come out and discovered to be scam.
This is just a testing phase and many will Fail it.
To start with, the good ones among them will be transparent and it will be obvious.

[DarkTrix]

I am watching another DeFi - CURVE Finance token, whose price dropped from $ 100 to $ 3 after listing on Poloniex on August 14.  Despite this decrease in value, I do not attribute this token to scam, although it is clear that many lost their money investing in it at an early stage. Now CRV is trading around $ 4, and I think that this token has the prospect of growing in price several times.

Why did he fall so low? The same is necessary for the customers to start pouring into the glass. Team leaked tokens?

[Francis Freeman]

We are soon approaching the peak scam time of 2017 ICO period. Except this time its not scammers in telegrams but the Defi projects are gonna be swept away .

[Princejebs]

We are soon approaching the peak scam time of 2017 ICO period. Except this time its not scammers in telegrams but the Defi projects are gonna be swept away .

Not all, there are good eggs in this Defi hype but bad ones will definitely be swept away. 2017 is totally different from this defi though some similarly exists.
I have only know of Yam Spaghetti shit coin that has made many regret investing on defi. Yam rebating never worked out even after launching version 2 

[zasad@]

https://cointelegraph.com/news/3-reasons-why-yearnfinance-yfi-price-just-hit-a-new-high-of-18k
"A hint of a new partnership, Aave listing, strong technicals"
I see that investors have steel eggs.
I do not pretend to be an expert, but the project is greatly overrated.

While searching for information, I came across another interesting token with a high price. But there are only 100
https://cointelegraph.com/news/the-robonomics-token-is-trading-for-95-000-each-on-uniswap
https://www.coingecko.com/en/coins/robonomics-web-services

[pikkie]

We are soon approaching the peak scam time of 2017 ICO period. Except this time its not scammers in telegrams but the Defi projects are gonna be swept away .

Not all, there are good eggs in this Defi hype but bad ones will definitely be swept away. 2017 is totally different from this defi though some similarly exists.
I have only know of Yam Spaghetti shit coin that has made many regret investing on defi. Yam rebating never worked out even after launching version 2 

unfortunately DeFi has a difference with what happened in 2017, in 2017 it has a lot of demand because indeed many are curious about cryptocurrency whereas for now it's not like it used to be, even today many are disappointed with cryptocurrency because there are many theft cases that occur in cryptocurrency .

[tvplus006]

unfortunately DeFi has a difference with what happened in 2017, in 2017 it has a lot of demand because indeed many are curious about cryptocurrency whereas for now it's not like it used to be, even today many are disappointed with cryptocurrency because there are many theft cases that occur in cryptocurrency .

Too little time has passed since the start of the hype DeFi. If you compare with the hype ICO of 2017, you can see that the number of DeFi is still too small to compare them.Scammers have not yet adapted and do not fully use the hype around DeFi, but soon we will face this much more.

[zasad@]

Spaghetti (PASTA)
https://www.coingecko.com/en/coins/spaghetti

Meme project Spaghetti raised $ 204 million
https://twitter.com/DegenSpartan/status/1296036076289548289



https://twitter.com/rleshner/status/1295858408000651264

🤖 Leshner(C)
"If https://spaghetti.money has $500 million less than 36 hours after launch, the industry needs to self-regulate and stop launching these meme farming games."

Spaghetti Money is very similar to the Yam project

[amishmanish]

Even each of the projects from 1 post has its own well-known developers and they are trying to support the projects, and not as it was in 2017: the scammers sold tokens and disappeared.

If you are talking about the De-Fi projects that have been mushrooming, this is nowhere near true. The ICO enabled scam devs to launcha website and sell tokens from a contract. De-Fi projects let you "lock" wrapped tokens onto their website platform hoping for interest income from arbitrage opportunities.
It is easy enough for anyone to use this as an opportunity to steal the locked funds. People aren't doing it till now because only a very niche group of investors were putting money in. Now with the hype, a much higher percentage of noobs will be ready to put in money like some of us did back in 2017 at ICO boom. Money will be lost if you don't watch out for copycat scammers.

Take for example this asshole. Opens up a Ann thread and a website with the name "Yearn" as part of the domain-name.

https://bitcointalk.org/index.php?topic=5272361.0

[hd49728]

https://cointelegraph.com/news/3-reasons-why-yearnfinance-yfi-price-just-hit-a-new-high-of-18k

YFI hit the price rate that more than three fold of bitcoin. https://coinmarketcap.com/currencies/yearn-finance/
And YAM version 2 almost reached $26. https://coinmarketcap.com/currencies/yam-v2/

It is shameful to admit that I don't know why there are people on market accept to pay such unreasonable price for YFI and YAMv2.

[zasad@]

Erc20.Dog DOG Token


This is what a scam looks like
World first cryptocurrency created by dogs.

How to participate in the DOG Token Sale (March 20th)
https://medium.com/erc20dog/how-to-participate-in-the-dog-token-sale-march-20th-69db1f55e4bb

DOG token sale started
https://medium.com/erc20dog/dog-token-sale-started-f86724614efa


https://cointelegraph.com/news/defi-meme-coin-hotdog-dumps-99-9-in-hours-after-launch

[SquirrelJulietGarden]

Forks, swaps, borrow names of initial coins or tokens, restructure of masternode collaterals (from initial low to later higher) are popular scam strategies of scammers. You can see in images attached in my thread Define the (scam) DeFi there are hundreds of scam stake & Masternode coins (I listed 200 zero value coins only) and many of them borrow names: DogeCash, example.

I see DeFi projects are same as stake & masternode coins. The new scam DeFi projects are simply borrowing the DeFi hot word. Stake ~ Farm, similar too. Instead of use Ponzi, they used Lending to run their scam projects. Ponzi ~ Lending. ICO ~ IEO. They shuffle terms to scam more easily.

[Xembin]

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.

[SquirrelJulietGarden]

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.

You have to lock your money in pools. Can you call it as risk? Do you forget the DAO hack years ago?

I see more risk than staking my coins with stake & masternode coins.

Lock to get money and interests (it looks like bank savings) but crypto is volatile and if you look at the price of DeFi tokens. Their price is very high now and I am sure it will fall gradually. The lock percent does not make sense when investors feel fear of DeFi someday and when market turns bad, locked tokens can not stop price falls.

[ahmia39]

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.

Hello newbie, you must know that the one who created this topic already has a lot of experience in DeFi matters, so it's clear that he has tried it, so he dares to create a topic like this, and one more thing you should know is that there is not only one DeFi token, some are good and some are not good, so you have to be able to sort these things out in order to know the difference.

[kkofor]

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.

I think Defi is a bubble and can explode at any moment. However, it cannot be denied that Defi projects are a trend that is trusted by most investors and will certainly attract a lot of investors in the near future. At first, I thought very negatively about the Defi projects but now things are different and just spend a little time researching on that project you can make twice as much profit in short time.

[TopT3ns]

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.

I think Defi is a bubble and can explode at any moment. However, it cannot be denied that Defi projects are a trend that is trusted by most investors and will certainly attract a lot of investors in the near future. At first, I thought very negatively about the Defi projects but now things are different and just spend a little time researching on that project you can make twice as much profit in short time.

Of course defi can be said like that and that is what ultimately makes many investors afraid to enter and hopefully what investors are afraid of does not happen with this project, because if it happens it will have a bad influence on the good name of cryptocurrency and may not be able to make progress even more.

[FinneysTrueVision]

PIZZA is the latest food token scam.