Crypto Project DeFi 100 Scams Investors, $32 Million Stolen
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Cryptocurrency Project, DeFi 100 recently informed investors that they’ve been scammed of their funds
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The company released a tweet on Saturday afternoon stating “We scammed you guys, and you can’t do s**t about it.”
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According to analysts, the scammer made away with $32 million, investors’ funds
The crypto market is a very dangerous world and investors can lose money in more ways than one.
This has been proven yet again as crypto project DeFi 100 made away with $32 million, investors’ funds.
A tweet which was released on Saturday by the company left investors shell-shocked:
The company announced that their investors had been scammed and they can’t do anything about it.
Crypto analysts have warned investors to beware of many of such scams.
Investors are advised not to invest in projects with anonymous founders or those that lack real utility.
Read also: Ethereum Founder Expected Crypto Market Crash
The DeFi 100 website is now down as investors have been left licking their wounds.
In a similar scam last month, Turkish exchange, Thodex made away with $2 billion worth of cryptocurrency in April.
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