Exit Scam in DeFi Steals $226.5k from Investors Using Fraudulent Tokens!

The post Exit Scam in DeFi Steals $226.5k from Investors Using Fraudulent Tokens! appeared first on Coinpedia Fintech News

In a recent exit scam in the DeFi space, a fraudulent version of the Friend Tech token was used to steal 135 ETH, or $226.5k, from unsuspecting investors. This incident follows a slew of 12 scams that occurred in just seven days, causing over $11 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.