An exit scam is a fraud that is completed when a fraudulent actor makes a subsequent "escape". Such exit scams have increasingly occurred in the "ICO Hype" 2017. Investors are lured by profit expectations to contribute money to an ICO. Once the money has been collected, the founders of the project disappear and the investor is left with a worthless token.
The rise of DeFi apps has unveiled a paradigm shift that challenges the traditional roles and value propositions of banking and finance.
The digital asset industry is at a turning point after the numerous bankruptcies of the past crypto winter.
