DEFI100 project suspected of exit scam

The DeFi100 decentralized financing protocol team based on the Binance Smart Chain was suspected of fraud. The developers themselves announced a hacker attack and stressed that there was no question of an exit scam.

The fact that the project team disappeared with investors’ money was written by a cryptocurrency analyst on Twitter under the nickname CryptoWhale. According to him, we are talking about $ 32 million in user funds.

BREAKING: DeFi100 coin exit scams, and runs away with $32 million in investors funds.

Website is now updated with the message “We scammed you guys, and you can’t do shit about it” pic.twitter.com/uyeYUDgbwo

— Mr. Whale (@CryptoWhale) May 22, 2021

A message appeared on the DeFi100 website stating that investors had been tricked into “there is nothing they can do about it.”

Initially, the project did not comment on the rumors in any way, but later announced that the site was hacked.

The website was hacked yesterday and the message was shown by the hackers. It has been taken down.

— DEFI100 (@DEFI100) May 23, 2021

Representatives of DeFi100 also called the information about the $ 32 million scam “false and unfounded.” According to them, “the highest capitalization of the project was less than $ 2 million,” and he never kept investors’ funds.

“Yes, our investors suffered huge losses as the project did not fulfill its plans. But this is not an exit scam and we are still working on finding a way to get the project back on its feet, ”DeFi100 said in a statement.

Note that in March, the DeFi project TurtleDex based on the Binance Smart Chain completed an exit scam for $ 2.4 million.