3 ms·
The article's figures include the centralized Turkish exchange which made off with ~2.6B , so I don't think it's fair to consider it the same kind of thing.
by pcthrowaway 5y ago
The article's figures include the centralized Turkish exchange which made off with ~2.6B , so I don't think it's fair to consider it the same kind of thing.
- superfad 5y agoYeah I agree. > Rug pulls have emerged as the go-to scam of the DeFi ecosystem, accounting for 37% of all cryptocurrency scam revenue in 2021 So 37% of $7.7 billion is $2.849 billion. > All in all, rug pulls took in more than $2.8 billion worth of cryptocurrency from victims in 2021. > It’s important to remember that not all rug pulls start as DeFi projects. In fact, the biggest rug pull of the year centered on Thodex... In all, users lost over $2 billion worth of cryptocurrency, which represents nearly 90% of all value stolen in rug pulls. However, all the other rug pulls in 2021 began as DeFi projects. The graph shows $2.6 billion was lost with Thodex. So that leaves $0.249 billion that was lost in projects that were rug pulls that began as DeFi projects.