June 19, 2021
Scam/Fraud

$32 Million Stolen As Crypto Project DeFi100 Pulls The Rug

Cryptocurrency project DeFi100 (CRYPTO: D100) has informed its investors that it defrauded them of their funds.

What Happened: According to a Saturday tweet by a cryptocurrency analyst, DeFi100 announced that it scammed its users in the following unkind and inelegant message: “We scammed you guys, and you can’t do s**t about it.”

According to the analyst, the scammers behind the project made away with $32 million in investor funds. The Twitter user also warned his followers that he expects more of such instances to happen:

“As the bull market fades, many projects will too! Expect a huge…

Read full article here: www.benzinga.com