Fraudsters exploited DeFi hype to dupe investors

Unknown attackers exploited investors’ interest in the decentralized finance (DeFi) sector and two high-profile projects — Keep3r Network (KP3R) by yEarn Finance founder Andre Cronje and cVault.finance (CORE). The community’s attention to ’empty’ tokens was drawn by user Degenomics.

The scammers misled users with similarly named tokens — KPER and KORE.

$KPER (not $KP3R) mint() and rugged to 0.

Thanks for playing.

Why the fuck do people buy shitty clones anyway? pic.twitter.com/DzNIShwcTp

— Degenomics (@degenomix) October 31, 2020

Cryptocurrency investors suffered losses after a pump-and-dump scheme involving the experimental token Keep3r Network Cronje.

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