Yfdexf.Finance is Latest DeFi Project to Disappear With Investors Money
DeFi (decentralized finance) domain, which is seeing exponential growth, is plagued with scandals as yet another dubious venture has made an exit with investors’ hard earned money. The DeFi project in question is Yfdexf.Finance.
A news published by ZyCrypto states “A new liquidity mining pool DeFi project, Yfdexf.Finance has exited the market after defrauding investors of $20 million in total funds locked in its protocol.”
The venture covered up its activities on Twitter and social media apps such as Discord in the past 48 hours, ZyCrypto explained. There were attempts made to track down its cover up efforts but it had cautiously deleted crucial details that would expose it.
The DeFi domain has advanced at a breathtaking pace this year, particularly in the past few weeks, with ventures such as SushiSwap amassing millions of dollars in action within days of rolling out. Some of those ventures, nevertheless, have turned out to be troublesome in numerous ways.