Home/Crypto Live News/Exit Scam in DeFi Steals $226.5k from Investors Using Fraudulent Tokens! Crypto Live News
Author: Mustafa Mulla Aug 20, 2023 src8:src5
Mustafa Mulla AuthorMustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 20src7.
In a recent exit scam in the DeFi space, a fraudulent version of the Friend Tech token was used to steal src35 ETH, or $226.5k, from unsuspecting investors. This incident follows a slew of src2 scams that occurred in just seven days, causing over $srcsrc million in total losses for the community. It highlights the need for greater caution and due diligence when investing in the unregulated world of DeFi.
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