Yfdexf.Finance, a recent liquidity mining platform, has exit scammed after defrauding customers of $20 million in protocol-based cumulative assets. On various sites, including Twitter and Telegram, Yfdexf has been running a large two-day promotional campaign without fulfilling payout promises.
DeFi development has been widespread in the second half of 2020, prompting several investors to take gambles on the market. In turn, opportunistic scams have popped up and exited accordingly.
Since the exit scam of Yfdexf, the platform’s social media platforms have all been taken down. The official website, Medium blog, Twitter profile, and Telegram have been removed. All the while, the developers continue to withhold payouts for their promotional campaigns.