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Thodex was the only ‘centralized’ rug pull on the list, with all others belonging to the decentralized finance (DeFi) category. DeFi projects rely on smart contracts for offering financial services, such as trading, lending, or borrowing, to users. Source
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In our latest in-depth video, Cointelegraph shares six key tips on how to increase one’s safety when investing in decentralized finance (DeFi) by identifying rug pulls — one of the most widespread types of crypto scams.Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx
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Another decentralized finance (DeFi) project was rug-pulled Tuesday, with some $10.8 million in investor funds stolen due to a hidden backdoor in the project’s smart contracts.Compounder Finance – a self-described clone of Harvest and Yearn Finance built by pseudonymous programmers – had its contracts drained of $750,000 worth of wrapped
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Ethereum has seen some intense selling pressure throughout the past day, which has struck a blow to the
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