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Crypto Scam: DeFi100 website crashes with $32 Million investor funds
![](https://www.gistvic.com/wp-content/uploads/2021/05/laptop1.jpg)
“We scammed you guys and you can’t do anything about it”, DeFi100 website reportedly reads
![](https://i0.wp.com/www.gistvic.com/wp-content/uploads/2021/05/laptop1.jpg?resize=740%2C494&ssl=1)
On Saturday May 22nd, A cryptocurrency analyst known as Mr. Whale on Twitter said DeFi 100 has stolen $32 million in investor’s funds with a display message on its website.
He wrote: “DeFi100 coin exit scams, and runs away with $32 million in investors funds. Website is now updated with the message “We scammed you guys, and you can’t do shit about it”
![](https://i0.wp.com/www.gistvic.com/wp-content/uploads/2021/05/defi100-scam.jpg?resize=740%2C448&ssl=1)
The Analyst also warned his followers to expect more exit scams to happen.
“As the bull market fades, many projects will too! Expect a huge increase in exit scams over these next few months. Never invest in projects that are very new, with anonymous teams, made as memes, and have a lack of real utility. Stay safe everyone!”
![](https://www.gistvic.com/wp-content/uploads/2021/07/3.png)
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