Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Be careful out there. I know that DEFI’s are getting popular but it is also a nice ground for frauds. I would not put too much of my eggs into any of these to start with. I would start small and then build confidence. Most scammers are in a hurry to cash out anyway. If you wait a little bit, they will show their real face.

>>> “Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many defi supporters claim these platforms offer greater privacy, examples now show that most everything can be seen onchain connecting ethereum addresses to identities and companies.”

news.bitcoin.com/exploits-and-flash-loans-are-just-the-beginning-defi-economy-less-private-than-people-think/

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