According to reports and tweets, DeFi100 is a cryptocurrency project that allegedly caused investors to defraud US$32 million (approximately Rs 2.33 billion). However, the project has now denied the claim, although there are obviously still some doubts. On Sunday, after quite offensive news appeared on their website, reports of people behind the project fleeing the money began to circulate. “We lied to you, and you can’t do anything about it,” read the message on the DeFi100 website. Since then, DeFi100 has clarified that their website was hacked, and the hacker has posted the message, which has now been deleted.

Like Bitcoin (price in India), Dogecoin (price in India) and Ethereum (price in India), DeFi100 is a cryptocurrency. However, it is less known than other popular digital assets. At the time of writing, the site is still closed. “Oops, the page seems to be missing. It’s not a mistake, it’s just an accident.”

The speculation about the scam started with a tweet this weekend:

On Sunday, the cryptocurrency project stated on its official Twitter that they did not withdraw as suspected. “Firstly, the total supply of D100 is less than 4 million tokens. At the beginning of the project, the total supply was 2.5 million tokens. Secondly, D100 was never an income agriculture agreement. It holds more than 32 million TVLs. Investor funds”, it said in a tweet.

“Third, the total number of tokens sold during the IDO period was 750,000, and each token was US$0.80. These facts can be publicly used to check their authenticity. The rumors of the theft of US$32 million are absolutely false and baseless. “It added in a subsequent tweet. “We reiterate once again that we did not withdraw.”

Although the creators of DeFi100 made it clear that they did not deceive investors, they could not tell the truth until the website was established again. According to a report on Coindesk, the value of DeFi100’s native token D100 plummeted by 25% in the past 24 hours to $0.08 (approximately 6 rupees).

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After the FBI, a major law enforcement agency in the United States, reported that in the past 14 years, it received a record 1 million complaints about online fraud and investment fraud. month.

The FBI said that it took seven years for the FBI’s Internet Crime Complaint Center (IC3) to record the millionth complaint, while the most recent one million complaints took only 14 months. On May 15, 2021, the number of IC3 complaints reached 6 million. In addition to supporting the bureau’s law enforcement work, IC3 also collects and reports data in the form of annual reports, and educates the public by sharing notifications about new scams or increases in certain types of crime.

According to the US consumer protection organization Federal Trade Commission (FTC), since October last year, scammers impersonating Elon Musk have stolen more than 2 million U.S. dollars (approximately Rs 146.3 crore) of cryptocurrency.

FTC’s new data also shows that since October 2020, nearly 7,000 people have been defrauded and reported false cryptocurrency investment losses, totaling more than 80 million U.S. dollars (approximately 585.43 crore). It said that these scams can happen in many ways and are “full of false promises and false guarantees.”