Tag: ponzi scheme

Loopscale's $5.8M Hack Proves DeFi is Just a Ponzi Scheme

Loopscale's $5.8M Hack Proves DeFi is Just a Ponzi Scheme

So, there you have it, another day, another DeFi platform goes kaput. This time it’s Loopscale, previously known as Bridgesplit – ring any bells? The new lending app, incubated by Solana Labs and Coinbase Ventures to disrupt the future of lending. All of this they are accomplishing with their new...

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