Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.
In a current exit rip-off within the DeFi house, a fraudulent model of the Pal Tech token was used to steal 135 ETH, or $226.5k, from unsuspecting buyers. This incident follows a slew of 12 scams that occurred in simply seven days, inflicting over $11 million in complete losses for the group. It highlights the necessity for higher warning and due diligence when investing within the unregulated world of DeFi.