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DeFi: Yfdex.finance Scam vanish with $20M two days after launch.

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Avatar for alberdioni8406
Written by   1044
1 year ago

Yfdex.finance another hit and run DeFi scheme just vanished 2 days after launch taking with them $20M in customers funds.

Life savings from people on different parts of the world have been stolen with the criminals on the run now after invented a well organized scheme which convinced creditors to enter in this mania of DeFi huge profit returns. The criminals made a huge campaign on telegram, medium, twitter and builded a website to host the "fake" project and promised to be the one, giving immense returns from their tokens.

Unfortunately that was a well orchestral and monumental scheme which took with them $20,000.000 from victims, with this ones now crying while the "Yfdex gang" on the run with they project on exit scam and their bag filled with all that amount may be now on Fiji Islands living like magnates using peoples funds.

Now their official websites, Twitter accounts, Telegram are offline in a complete state of abandon...investors who have Heart problems may be now hospitalized due to the incident with all that losses who wouldn't?!

I believe in some of this projects that appear on the DeFi world but many of them I bet that 90% of them are pure SCAM and are targeting peoples funds, and this won't stop, people aren't thinking right now and believe that in a glimpse could be rich, and that is a full plate for criminals that want money and will use smart contracts to convince people to invest with them! First was the case of SUSHIswap who showed some flags of exit scam, but the founder transfered the admin keys to the FTX CEO and saved the investors to a new heart attack!

Invest but invest wisely and only put on hold just what you can afford to lose, scammers are always looking to steal from people and cause more victims.

Stay tuned for more exiting news, download Brave Browser to support my writings and also earn BAT tokens for watching non intrusive ads, subscribe for more Crypto topics.

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Written by   1044
1 year ago
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Comments

People does not seem to learn...

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1 year ago

Wow nice article! Good Job!

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1 year ago

Thanks am glad you found interesting and i hope to see more times here, have a great day and good weekend🙌

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1 year ago

whew! another sad story, hope the investors learned something from this.than you for reminding us to invest wisely by reading this valuable article :)

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1 year ago

My pleasure I hope with some insistence from my side and accompanied with some literacy more people could be aware about scams and remember to invest only what they are willing to lose, the world is corrupted by scammers.

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1 year ago

I absolutely agree, I'm not a tech savvy but because of these informative articles I am now aware and have at least a little knowledge of how to detect scam sites.thank you

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1 year ago

That's good I believe if k continue to share topics like this more and more community members can find this and stay protected online, great Saturday to you mate👌

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1 year ago

this is because there are people like you who cares, am I right sir? keep on posting :)

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1 year ago

I care and care for peoples well been so icwill continue to post this "reminders" about scams, I hope members will see ..

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1 year ago

This is nothing exceptional to hear about, and it was predictable that this will come. Most of the folks invest blindly in this DeFi hype.

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1 year ago

Invest blindly and end up with their pants down, this criminals of course noted a big opportunity to make money with this DeFi mania and are making, today is Yfdex tomorrow will be Another one this is just the beginning...

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1 year ago

That why is important to stick with the ones with a nice track record.

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1 year ago

This is so sad. I can't imagine the reactions of the people who supported and believed in this project. They put their trust on the people who built it, and in return, their money are stolen because they got scammed. I remember my first experience on investing on a coin that didn't even work out. It is tragedy. Well, investing is indeed a gamble. That is why there is a rule that you should only invest what you can afford to lose. And don't put all your money on a single basket. Diversify your money and investment so that when things go wrong like this, you know you still have money left for you.

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1 year ago

You nailed on it, only invest what you afford to lose, this rule apply to anything in life, and this guys with their plans made $20M from innocent victims who believed in their scam and invested their life savings on them for nothing hope the authorities could track them down.

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1 year ago

I am also an investor that is why I know this rule, and everytime I invest a portion of my money, I make sure that the project is legit and not just gonna take my money from me. One day, these bad people will be tracked down and get the money back to the innocent people. They will never get away with it because it is wrong to fool people for money. Indeed love of money is the root of all evil on this Earth.

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1 year ago

Yes there is an international joint track force to catch this bad people but won't be easy to find all of them but some will get caught and pay their debt with their victims they can't just fool people and run with their savings, they will pay soon or later.

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1 year ago

That is good to know that justice will soon be served, and that there is hope for the victims to get their money back. I believe that karma will haunt them, and they will not be able to get away with it no matter how hard they try. They might get away with it, but karma will never leave their side.

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1 year ago

Let's hope they got caught soon and pay that money they are stealing from their victims, have a great day🙌

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1 year ago

I hope so too. Have a great day as well. It is nice having a conversation with you. Take good care of yourself. :)

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1 year ago

You too🙌hope to chat again with you soon👍

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1 year ago

Its a sad news but I must say DeFi does not have to anything to do with it. Investors discretion is required. I have invested in Trustswap staking pool in DeFi at uniswap and its running smoorhly. Thanks for the alert.

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1 year ago

Aww that's really hurt 😢. Imagine your one of them. DeFi is the new trend in crypto market that's why lot's are willing to gamble their own money without any measure. Well, the rule is Invest what you can afford to lose.

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1 year ago

That is a huge money to lose and people still gamble with their money they are willing to lose money or earn big, so they will continue to lose it big!

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1 year ago

This is simply terrible. That line in your post of only investing what you can afford to lose should be taken to heart especially by those who wish to delve into investing in crypto.

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User's avatar M3i
1 year ago

People should understand that what scammers want is to suck all your money and if you allow it mate, you will lose all your money and that is for sure, and that "only invest what yoj are willing to lose" isn't to throw away is to take it seriously!

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1 year ago

Another scam. It was the ICO's, and now, it is DeFi. We should be extra careful.

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1 year ago

Yes @tsaft this Defi euphoria will surely take peoples money and make people stay in hospital with heart attacks for losing their life savings.

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1 year ago

Ouch... That is a big one! Here is a funny story for you to look into in the DEFI world. Someone published and deployed the CRV token and CurveDAO contracts before the team working on it. Go read about it. It is quite mindblogging.

https://decrypt.co/38708/anonymous-defi-user-deploys-curve-crv-token-early

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1 year ago

I saw this one two, the man invested a lot to deploy that smart contract without team allowance and without telling them, and when saw that I wondered "how can a third party deploy a smart contract?" ...and what are his motives to do that or why isn't building own project?!..

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1 year ago

All these questions makes it even harder to believe. Some says it was marketing and staged.

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1 year ago

Well we can just believe what the news says but I barely don't believe in them and that project soon or later will be on papers with serious problems that guy who deployed it I believe that he pit something on the smart contract as insurance to any time steal from it and run with people funds, let's just wait to follow it!

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1 year ago

That was huge fund that was stole did that thing cannot track ?

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1 year ago

No way to track that they built a smart contract deployed it received ETH to lock on them and just take the locked funds in two days and run with them..probably in a casino in Vegas or in an island living big😀

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1 year ago

It isn't to be send on any bank ? That record could be track which bank account goes thru and who withdraw from that account. Its a big funds so it will naturally have record of it.

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1 year ago

No Bank involved in DeFi, all the funds stolen are in Ethereum ETH assets so they can exchange it any place they want😓

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1 year ago

Thats true it can exchange so there is track record in program data

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1 year ago