Decentralized financing (DeFi) has become increasingly popular in recent months. According to statistics, the total monthly trading volume almost tripled by Q1 ’21 compared to December 2020 ($ 25 billion). The average daily DEX trading volume rose from $ 0.71 billion to $ 2.26 billion – a quarterly increase of 318%.
Don’t be surprised, even adult bloggers have started producing farms and are currently making a profit on DEXs. While the rapid growth is evident, DeFi is still a wild west market – half of all thefts in 2020 totaling $ 129 million were DeFi-related hacks. Today we would like to share with you the story that unfortunately happened to our favorite influencer, Evil bond.
In 2021, since the great river, she became interested in crypto and began actively exploring the possibilities of the DeFi market. Evil bond decided to try somehow to make money in this market, so took action on Twitter constantly seeking advice and engaging her community to help her make the right decision.
She has also recently started active farming under DeFi protocols. Once she tried to withdraw her earned earnings through the central exchange and unfortunately she got blocked at WhiteBit.
Fortunately someone from the PureFi community marked the Purefi team to help her. The protocol opened an investigation and helped clarify the situation with the WhiteBit.
The girl attempted to use part of her income on farming but got gephishing which eventually resulted in the WhiteBit AML software being triggered.
Fortunately, the WhiteBit has the special KYC / AML procedure for such cases and has thus been unblocked.
We ask you to keep an eye out for the scams. The numerous scams only confirm that DeFi is a great and profitable place to participate.
Image by Sammy-Williams from Pixabay