List of Defi scams

[alrrez]

The farming of MASK will be started on Oct 30th, 2 PM UTC
.Website: https://anonymousmask.finance
Contract : 0x9FaF937bB5C46952bb8395cb2A837cb49422528d
Telegram : https://t.me/AnonymousMaskFinance
Airdrop from..
https://docs.google.com/forms/d/e/1FAIpQLSc2S3xoiBEXNk5KdgVkfch-TMeRObnABLC50XUFdeQ4TzHKDA/viewform?gxids=7757

[1715202678]

1715202678

[pedrillo0]

https://amplyfi.money/: Rug pulled after collecting 2,500 ETH from investors. Their social media and websites are gone
Beer Garden Finance: Founder holds over 50% of the token supply in his personal wallet. When our community asked for more details such as a github link for the project, or timelocks for the tokens they were banned from the Telegram group.
Burn Vault Finance ($BFV): Allegedly rug pulled. Their Telegram and social media no longer exist.
CBDAO ($BREE): The project had a presale for $SBREE tokens which would be swapped for $BREE. One of the admin wallets exploited a backdoor in the SBREE token contract, minted 50,000 SBREE, converted it to BREE and sold it on the market, pushing down the price of BREE at the expense of other holders. The 50,000 BREE was sold for under 200 ETH.
Degenballz: staking may steal 1% of your LP tokens.
Emerald Mine (EMD): User tokens worth nearly USD$2.5mil that were supposedly locked under a smart contract were moved to another account. Fortunately, cryptocurrency exchange ChangeNow managed to stop the sale of 135,020 EOS. However, this only represents a small fraction of the total amount stolen.
http://lv.finance/: Falsified audit results, after investors deposited their funds in they found they were unable to withdraw. The team has disappeared.
Minions Farm: Has cute Minions but will access all your assets when you connect your wallet to the Minions Wallet site.
https://steaks.finance/: Developers apparently had trouble interacting with their own timelock. Though some consider it may be due to a problem with their code rather than ill-intentions.
http://tomatoes.finance/: Hacker triggered simple permission granting and withdrew tokens.
UniCat ($MEOW): Back door in smart contracts allowed UniCat to keep control over users’ tokens even after they were withdrawn from the pool. Around USD$200,000 worth of crypto has supposedly been stolen.
Unirocket ($URCKT): Apparently rug-pulled, cannot be located on social media.
http://yfdex.finance/: Project promoted themselves on Twitter for 2 days, took a total of USD$20mil of investor funds and absconded.

PAL Network Exit Scam

https://medium.com/@palnetwork_/pal-network-concludes-blockchain-project-pledges-remaining-funds-to-world-vision-5e3b72d0724c

And your list is small!

There are many that are also scams and still require ETH to receive payments!

The truth is that you have to be careful with them...

[Banulit]

It is very helpful information to every investors here most especially to every newbie in this crypto industry. Because of this thread they can now eliminate the following DeFi project that is fraud and will definitely scammed them. Newbie investors were also encourage by this thread to be more vigilant and wiser before entering/investing to a newer projects.

[luckyflop]

And your list is small!

There are many that are also scams and still require ETH to receive payments!

The truth is that you have to be careful with them...

Of course, the list is very small in comparison of what is really happening in the crypto market, as a drop in comparison with the ocean, but I just wanted to give a very small example to new people some sight about how cruel this market could be and with a simple mistake they could lose limitless money and no one could track them in most cases, UNISWAP had a great idea but made it easier for scammers to pull the rug , same as what balancer did, seems like this story never gets old and every day I hear new things about new scams on those two,

[copoyes]

I was suspicious and it was true that http://www.yfdex.finance/ was indeed a project scam.
and now the defi project season is now indeed many who take advantage of this moment to create a scam project because DeFi is hype and hot, not to mention some people who have malicious intentions to make the DeFi project a scam and lure victims

[rivl]

​​Axion Network exploited, attacker, drained $0.6M. The attacker got 79B AXN with stake/unstake exploit. Then he moved 79B to Uniswap taking all the liquidity. TornadoCash was used as an anonymizer. Axion was audited by Hacken and Certik.

https://i.imgur.com/3l4SCky.png

they are scammers. I mean admins of AXION telegram chat https://t.me/axionofficial  . they scam my wallet. I think they have stole all community money also. there was no any hacker.

[tippytoes]

​​Axion Network exploited, attacker, drained $0.6M. The attacker got 79B AXN with stake/unstake exploit. Then he moved 79B to Uniswap taking all the liquidity. TornadoCash was used as an anonymizer. Axion was audited by Hacken and Certik.
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they are scammers. I mean admins of AXION telegram chat https://t.me/axionofficial  . they scam my wallet. I think they have stole all community money also. there was no any hacker.

If the OP will update his list, I am certain the list will be long. We will be seeing more of DeFi projects in disappearing act once they drained money from their naive buyers. The concept of DeFi is good, but only if they are deployed properly with honest team behind. Otherwise, this is just another hype that will go down in crypto history.

[chanler]

the list is very small in comparison of what is really happening in the crypto market,

Exactly, it is not easy to list all the Defi scams in reality. However, you should try to continue updating the list on the thread, so you can get many Defi scams there.
Moreover, we know that DeFi is booming right now. as usual, something hype and booming will invite many scammers to get involved, as was in ICO. 

[MCobian]

I am not surprised to learn that so many DeFi projects are scam, as most DeFi are created for fundraising. I appreciate the list of
DeFi scams, at least give awareness for all of us to be careful if you want to invest in DeFi projects. If the opening post always carries
out updates list, DeFi scams will definitely be a lot, therefore I am not really interested in investing in DeFi projects at this time.

[totoy4741]

Every time scammers come out from the hole when there something new come and make a hype. They use the hype for scamming peoples and approach them as they are legit and worthy to invest.

Scammers innovates their tricks/ways to scam people, they are like projects that keep on developing everytime. Whenever there is a new trend they will exploit and take advantage of those greedy investors. I never see them leaving such activities as ling as there are projects that make the cryptocurrency relevant.