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Ethereum’s DeFi Space Just Saw An Exit Scam: Here’s How It Went Down

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Ethereum’s DeFi Space Just Saw An Exit Scam: Here’s How It Went Down

NewsBTC1 month ago
Published on August 04, 2020 03:00 GMT+0edited on August 04, 2020 06:34 GMT+0

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The growth in Ethereum’s decentralized finance space has been one of the biggest wealth-generation events in the crypto space of the past year. Coins pertaining to “DeFi,” as this part of cryptocurrency has been dubbed, have literally gone parabolic. Simultaneously, there have been extremely high yields/interest rates offered on certain DeFi products.

The profits made in DeFi, unfortunately, have attracted some unsavory folk. Reports recently came out suggesting that there was a notable DeFi exit scam that went down this past weekend.

Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, DeFi Still in Vogue

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