Currently, DEFI projects are usually very interesting because of the profits you can obtain through them, but you must also take into account the risks that these projects can have.
The first thing you should take into account before investing in them is how structured the project is, who its creators are, what problems it can solve or improve in BlockChain.
Then how much money are you willing to invest taking into account that it must be capital that I will not need in the near future and that if something happens with the project, the loss of money will not affect me too much.
A diversion of funds or hacking recently occurred in a DEFI project, which was built on the open source BINANCE Smart Chain ecosystem. A Binance spokesperson cited that the company is not directly related to the projects built in its ecosystem.
Another hypothesis that is handled is that the project was an Exit Scam, since moments after the fraud, they eliminated their website and their twitter account.
This last cause is the one that is believed to be executed by scammers.
The estimated amount that was subtracted is approximately $ 31 million.
This is the reason why future investors in these projects are advised to take all possible precautions when investing in them. Always research everything you can about them and how feasible they may be in the future. Always invest money that you do not need in the near future or that you can use for these types of medium risk investments.
