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ID:

defi100-345

Date:

Status:

Incident Count:

May 23, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

600,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Protocol

Scams

Extended Method:

Rug Pull

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Days in Operation:

234

(0.64 Years)

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The official website of the DeFi protocol DeFi100 on Binance Smart Chain (BSC) is no longer accessible. Previously, Twitter user "Mr. Whale" pointed out that the project may be a scam. "About 32 million US USD of user funds were swept away by the team. road". About 10 hours ago, the words "We lied to you, you can't do anything with us" appeared on the DeFi100 official website, and the page was subsequently deleted. The DeFi100 project website was no longer accessible. It is not yet certain whether the website was hacked or the project team itself Close the website. DeFi100 is a decentralized flexible synthetic asset index product on the Binance Smart Chain, developed by an anonymous team. However, Defi100 stated that the total supply of D100 at present is less than 4 million tokens. At the beginning of the project, total supply was 2.5 million Tokens. Secondly, D100 was never a yield farming protocol which was holding investors funds with TVL over 32 million. Thirdly, total tokens sold during IDO were 750,000 at $0.80 per token. These facts are available in public for checking their authenticity. The rumors of stealing $32 million are absolutely false and baseless. We reiterate it again that we have not made any exit.

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