Entrepreneurs
Exit Scam in DeFi Steals $226.5k from Traders The utilization of Fake Tokens!
Creator: Mustafa Mulla Aug 20, 2023 18:15
Mustafa Mulla 
Creator
Mustafa has been writing about Blockchain and crypto since decades. He has outdated trading abilities and has been working within the Fintech industry since 2017.
In a present exit rip-off within the DeFi house, a false version of the Friend Tech token used to be dilapidated to comprehend 135 ETH, or $226.5k, from unsuspecting investors. This incident follows a slew of 12 scams that occurred in correct seven days, inflicting over $11 million in total losses for the neighborhood. It highlights the need for bigger caution and due diligence when investing within the unregulated world of DeFi.