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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: sneakyboi on September 26, 2020, 08:58:10 PM

Title: HatchDAO scammers pull liquidity as DeFi faces another setback
Post by: sneakyboi on September 26, 2020, 08:58:10 PM
HatchDAO scammers pull liquidity as DeFi faces another setback


    “Just like locking the door doesn’t guarantee the safety of your home, TrustToken’s team token lock doesn’t guarantee liquidity won’t be pulled.”

This was the statement made by Jeff Kirdeikis, CEO of TrustSwap, after he took to Twitter to respond to criticism after a company, HatchDAO, allegedly used TrustToken’s technology to exit scam users by pulling liquidity. Kirdeikis went on to claim that it is ‘tangibly impossible’ to audit startups using its SmartLock system.
Learn more about this news here. (https://eng.ambcrypto.com/hatchdao-scammers-pull-liquidity-as-defi-faces-another-setback/)
Title: Re: HatchDAO scammers pull liquidity as DeFi faces another setback
Post by: hair on October 01, 2020, 02:52:51 PM
A lot of bad news about DeFi as a result of projects that pull their tokens from liquidity, for example, Sushi. will this reduce DeFi reputation?
Title: Re: HatchDAO scammers pull liquidity as DeFi faces another setback
Post by: LogiC on October 02, 2020, 08:27:03 AM
Quote from: hair on October 01, 2020, 02:52:51 PM
A lot of bad news about DeFi as a result of projects that pull their tokens from liquidity, for example, Sushi. will this reduce DeFi reputation?
This is inevitable. We cant fully trust any team that will be precise to hold their dev fund. Firt and foremost they can also not resistant to temptation as the funds will probably go high and their eyes are rolling with dollar sign. Too bad the team cant stopped and pulled it out. Damn money, so easy ti be tempted to such crime.
Title: Re: HatchDAO scammers pull liquidity as DeFi faces another setback
Post by: hair on October 09, 2020, 04:43:49 AM
Quote from: LogiC on October 02, 2020, 08:27:03 AM
This is inevitable. We cant fully trust any team that will be precise to hold their dev fund.
Yeah. that's why we have to be careful before investing in a DeFi project. the best way is to always monitor the progress of the project over several years